Three reasons why AAVE is up over 25% today

Aave has rebounded by its recent decline after Aave has announced its intention to reorganize its Tokenomics, arouse new interest among whale investors.

According to Crypto.News data, Aave (GHOST) jumped almost 27%, reaching an intrajournual summit of $ 220 on March 5, bringing back its market capitalization to around $ 3.3 billion from the last check for the Asian afternoon.

The daily volume of Aave has doubled at more than $ 850 million, while the open interest in its long -term market jumped from $ 48% to more than $ 257 million, which indicates a big leap in the activity and demand of investors among its derivative merchants.

Despite the recent Aave rally, Altcoin is still 75% below its highest point this year, while its supply in circulation is just over 15 million Aave tokens.

Most of today’s earnings came after Marc Zeller, founder of Aave Chan Initiative, officially asked for community support on a Proposal for restructuring the allocation of AAVE incomeComplete smart ready and improve liquidity management for users.

“The proposal resumes the distribution of income, updates the Tokenomics and describes an economic framework for the future of Aave,” wrote Aave in a post X.

Another key engine of Aave’s earnings is its Recent integration with SonicA high -speed EVM blockchain formerly known as Fantom. This decision pushed the total value of Sonic locked at $ 33 million in a day.

With this integration, Sonic joined the Aave loan and loan network alongside Ethereum, optimism, ArbitratorAnd PolygonAmong other things, expanding the Aave ecosystem, which has aroused new interest among investors.

Meanwhile, whales and smart money investors have turned their attention to Aave.

According to LookonchainA whale recently bought 20,000 Aave tokens worth around $ 4.25 million. Another whale spent 1,928.86 Weth for purchase $ 3.95 million in Aave, currently seated on a floating profit of $ 406,000.

In addition, the alphanomics chain data company observed A strong AAVE accumulation in the last two days, with 1.5 million dollars accumulated by the best holders and a net influx of $ 600,000 from smart monetary portfolios.

According to health data, social feeling around Aave has become very positive, with trendy Altcoin on Google.

Aave price analysis

Technical indicators seem to indicate that Aave could see more short -term gains.

On the 4 -hour Aave / USDT price table, the MacD and Signal lines pointed out, suggesting that Aave is experiencing high purchase pressure, which could probably maintain its upward trend.

In addition, the force relating to 62 years suggests that the upward trend is strengthening and could probably lead to additional gains in the coming days.

However, analysts note That for Aave to confirm a strong upward trend, it must first get out of the ditch model it has been formed since January 21, with $ 230 as an immediate resistance level.

Such an escape could potentially push the price of Aave up to $ 350, a level where it was faced with the resistance at the end of January and which also serves as a key psychological barrier.