Aave Price Skyrockets by 4.17% in One Hour to $156 Amidst Significant Short Liquidations

Aave (AAVE) experienced a significant surge in price, rising by 4.17% to $156 within a one-hour period on September 29th.

This rapid increase took place between 3:23 p.m. ET and 19:23 UTC, further contributing to the token's 24-hour gain of 4.49%.

The price jump from $150 to $156 was recorded on Binance's spot AAVE/USDT market using exchange prices collected by TokenPost.

Aave currently ranks 47th in terms of market capitalization, with an approximate value of $2.29588 billion.