Whale Activity Swells Around AAVE's $100 Resistance

A surge in whale activity has been observed at Aave as its token hovers near the $100 resistance level. On July 24, a large transfer of USDC into the Aave protocol was recorded, valued at $191.42 million by Whale Alert.

The transfer did not immediately impact demand for AAVE, but it coincided with other signs of renewed interest from large holders. CryptoQuant's Spot Average Order Size showed Big Whale Orders near Aave's current price range, although these whales had not yet committed to buying the token ahead of a potential breakout.

Aave traded at $96.28 on the 24th, just below the resistance zone around $99-$100. This area has repeatedly rejected recovery attempts from AAVE in recent times, making the timing of the whale's transfer particularly notable.