Aave Soars 13% as Whale Activity Fuels Buying Pressure

Aave (AAVE) has seen a significant surge in its price, increasing by 13% over the last 24 hours. This growth comes as the network expands its offerings through Aave V4 on Base, allowing tokenized stocks like Coinbase ($COIN) to be used as collateral for USDC loans.

The recent developments have boosted the bullish momentum of the token, with whale activity and trading volume also on the rise. According to Future Average Order Size data, Aave whales are increasing their orders at the current price level, contributing to the buying pressure.

However, this surge in activity has pushed trading into overheated territory, suggesting that momentum may be accelerating faster than normal. This could lead to short-term profit-taking and increased selling pressure. Nevertheless, with AAVE now trading above all its key EMAs on the daily chart, the bullish momentum is likely to hold.