AAVE has seen a notable recovery driven by whale accumulation. As of January 1, 2025, whales increased their holdings from 8.92 million tokens to 9.07 million, representing 56.69% of the total supply. Meanwhile, retail investors are also slightly increasing their holdings, indicating broader market interest.
The price of AAVE has rebounded to 290.75 USD after a 13% increase from recent lows. This upward Movement reflects a positive shift in market sentiment, with key indicators showing that liquidity is returning to AAVE. The surge in derivatives volume to 1.04 billion USD further highlights the renewed interest.
As demand stabilizes and trading activity increases, AAVE may break the 300 USD mark soon. The significant rise in open interest and positive spot demand indicates that AAVE could continue its upward trajectory if whale support and market enthusiasm persist.