Aave surged by 4.2% in one hour to $174 on September 29, extending its 24-hour gain to 16.05%. The rapid price increase took AAVE from $167 to $174 within a short time frame.
The spike in Aave's value coincided with significant short liquidations totaling $250,000 across major exchanges Binance, Bybit, and OKX during the same period. However, long liquidations were minimal at just $0.
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