Aave Token Jumps 4.08% to $155 Amid Heavy Short Liquidations

Aave's token price surged by 4.08% in one hour on September 25, reaching $155 at 12:37 p.m. ET (16:37 UTC). This significant move occurred within Aave's short-term trading range.

The token climbed from $149 to $155 on Binance's spot AAVE/USDT market during this time period. It's worth noting that Aave was up 6.64% over the previous 24 hours at the time of this move.

A significant number of short positions were liquidated across Binance, Bybit, and OKX exchanges totaling $90,000 within the same one-hour period. Meanwhile, there were no long liquidations reported during this time.