Whale Activity Fuels Aave Consolidation Ahead of $100 Resistance

A significant whale transaction on July 24th has sparked renewed interest in Aave [AAVE], as it transferred $191.42 million worth of USDC into the protocol, according to Whale Alert.

This transfer is part of a broader increase in large transactions, with Santiment's Whale Transaction Count for transfers exceeding $100,000 showing a rise before the latest partial reading.

The timing of this whale transaction is particularly notable as AAVE has been consolidating beneath the psychologically important $100 resistance zone, which has rejected several recovery attempts.

CryptoQuant's Spot Average Order Size also recorded Big Whale Orders near AAVE's current price range, but neither dataset confirmed that these whales bought AAVE ahead of a breakout.