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AAVE Price At Risk Of Dropping Despite Increased Whale Interest

Published 11/08/2023, 07:20 PM
Updated 11/08/2023, 07:45 PM
AAVE Price At Risk Of Dropping Despite Increased Whale Interest

  • A whale withdrew 274,236 AAVE tokens from Binance earlier today.

  • Despite an increase in whale interest, AAVE still saw its price drop by 1.45% in the past 24 hours.

  • The altcoin was at risk of falling below the $92.75 support level in the next 24-48 hours.

The on-chain analytics platform, Lookonchain, shared in an X post earlier today that a whale has withdrawn 274,236 Aave (AAVE) from Binance. The withdrawn AAVE tokens were worth approximately $26.5 million. Lookonchain also stated that after the withdrawal, this whale became the largest individual holder of AAVE.

Despite the increased interest from whales, AAVE was one of the many tokens that saw their prices drop over the past 24 hours of trading. CoinMarketCap indicated that AAVE’s price declined by 1.45% throughout the past day, which caused its trading value to fall to $96.15.

Additionally, AAVE’s intraday volume suffered a significa…

The post AAVE Price At Risk Of Dropping Despite Increased Whale Interest appeared first on Coin Edition.

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