AAVE Shows Strong Recovery, Attracts Smart Investors

user avatar

by Giorgi Kostiuk

2 years ago

AAVE's price is witnessing a rebound for the second consecutive day, erasing some of last week's losses, driven by smart money buying and decreasing exchange balances.

AAVE's Rise and DeFi Influence

AAVE, the largest lending protocol in the crypto industry, climbed to $341 on Monday, Dec. 23, marking a 25% increase from its lowest level last week. This recovery pushed the token’s market cap to over $5 billion. It was driven by the broader rebound in DeFi tokens, like Curve DAO Token and Raydium.

Smart Investors Active and Exchange Balances Decline

Exchange balances of AAVE tokens continued to decline, indicating that investors prefer holding over selling. The total tokens held on exchanges fell to 5.51 million. Nansen data highlighted increased activity among smart money investors, with their numbers rising from fewer than 30 in June to nearly 50 now.

Technical Analysis: Growth Prospects

Technical analysis suggests that AAVE has more upside potential. The coin formed a hammer candlestick chart pattern and found support at its 50-day moving average, indicating a possible continuation of the rise.

AAVE is slowly regaining its position, attracting smart investors. Technical indicators also suggest potential further growth for the token.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Birdeye Unveils Peak, a New Terminal for Institutional Crypto Research

Birdeye has launched Peak, a new terminal aimed at institutional crypto researchers, consolidating various data and analysis services into one professional workspace.

user avatarMaya Lundqvist

Google Implements New Advertising Policy for Crypto Providers in UAE

Google has announced new licensing and certification requirements for crypto exchanges and software wallet providers targeting customers in the United Arab Emirates.

user avatarLeo van der Veen

Meta's Board Approves New Class of Nonvoting Stock

Meta's board has approved the creation of Class C nonvoting shares to be distributed to existing Class A and Class B shareholders, effective January 19, 2027.

user avatarLi Weicheng

Meta's Financial Strategy Ensures Founder Control

Meta's financial strategy includes plans to potentially raise hundreds of billions in equity while ensuring Mark Zuckerberg retains control over the company.

user avatarAisha Farooq

BitGo Introduces BitGo Labs to Innovate in AI and Cryptocurrency

BitGo has launched BitGo Labs to develop AI-integrated applications for its digital asset infrastructure, starting with the Gokubu app.

user avatarTenzin Dorje

TRON Solidifies Its Position as a Leading Blockchain Network for Stablecoin Settlement

In Q3 2026, TRON reinforced its position as a leading blockchain network for stablecoin settlement, achieving trillions in transaction volume and a record supply of USDT.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.