AAVE whales are taking advantage of market pullbacks to accumulate more tokens. A whale has recently purchased 15 million USD worth of AAVE after offloading a significant amount of WBTC, highlighting strong buying pressure.
Three consecutive days of negative Netflow across exchanges suggest that more AAVE is being acquired than sold. This indicates renewed interest from both retail investors and whales, boosting confidence in a price recovery.
After hitting a local high of 270 USD, AAVE faced resistance but showed signs of recovery. With increasing accumulation, the altcoin may reclaim 270 USD and target the next resistance level at 284 USD.
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