- Whale holdings of AAVE increased to 56.69%, boosting bullish momentum.
- Derivatives volume surged 61.05%, signaling strong trading activity and market confidence.
- Spot inflows peaked at $5.09 million, showing renewed demand for AAVE.
Whales are making big moves in Aave—AAVE, sparking interest among traders. Data shows these major investors increasing their holdings significantly this month. Retail buyers are also jumping in, adding to the bullish energy. As demand surges across the board, many wonder if AAVE can break through the $300 barrier. Let’s dive into the trends fueling this momentum.
Whales and Retail Buyers Drive Demand
Whales have been building their AAVE positions aggressively since January started. They held 8.92 million tokens on the first day of the year, equal to 55.75% of the total supply. That number has grown to 9.07 million tokens, now representing 56.69%. Retail buyers have joined the action by increasing their holdings from 3.03 million to 3.05 million tokens.
This combined effort from large and small investors highlights growing confidence in AAVE’s potential recovery. Recent market activity supports this optimism. Prices bounced back by 13% to $290.75 after a recent low. Liquidity is returning steadily, suggesting the bullish trend could continue.
On-chain Metrics Show Strength Across Markets
On-chain data reveals surging demand in both derivatives and spot markets. Derivatives trading volume jumped 61.05% to hit $1.04 billion, the highest daily total this month. Open interest followed with a 6.95% climb to $310.50 million.Spot market activity reflects similar trends. Spot inflows peaked at $5.09 million, marking a two-week high.
Spot outflows have declined, indicating less selling pressure. These metrics point to renewed interest and strong momentum. AAVE’s recent rally hints at more upside if demand holds steady. The current trends suggest AAVE has the potential for further gains.
Whale activity and rising retail demand have built a solid foundation for growth. Sustaining this momentum will be critical for reaching the $300 milestone. If demand persists, AAVE could soon surpass expectations and deliver another strong performance.
