AAVE price stalls near the key resistance level at $400, pausing its strong rally that began in April. This uptrend followed by consoldiation coincides with accumulation by large investors and spike in active addresses, hinting at another leg up.
AAVE Price Soars By 420%
AAVE has emerged as one of the best-performing DeFi tokens recently as it approached the crucial resistance at $400. It soared by 420% from its lowest level in April, pushing its valuation to over $5.6 billion and making it the 27th biggest coin.
AAVE’s recent rally accelerated after Donald Trump’s World Liberty Financial selected it as a service provider. WLFI has also become a big investor in AAVE tokens after buying 6,137 tokens valued at $2.28 million. This purchase is a big deal because WLFI is associated with Trump and his family members.
AAVE price has also jumped as the total value in its ecosystem has jumped to a record high in US dollar and ETH terms. According to DeFi Llama, AAVE has over $23.2 billion
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