AAVE (Aave) rose 8.08% in the last 24 hours.

Gate News Bot news, on June 30, according to CoinMarketCap, as of the time of this report, AAVE (Aave) is currently priced at 280.36 USD, rising by 8.08% in the last 24 hours, with a high of 280.61 USD and a low of 222.58 USD. The 24-hour volume reached 428 million USD. The current market capitalization is approximately 4.254 billion USD, an increase of about 318 million USD compared to yesterday.

Aave is the largest liquidity protocol in the world. Users can supply assets on Aave to earn interest or borrow assets. Aave is deployed on Ethereum and over 12 other networks, with a weekly volume of billions of dollars. The protocol supports asset swapping, staking, health factor tracking, and more. Aave is non-custodial, with transparent transactions and community governance. AAVE token holders can decide which assets to list and guide the development of the protocol.

Important news about AAVE recently:

1️⃣ Large amounts of AAVE tokens withdrawn from centralized exchanges An address withdrew 5,970 AAVE from a centralized exchange, worth approximately $1.54 million. This large-scale withdrawal typically indicates that investors tend to hold long-term or engage in DeFi activities, which may provide support for the AAVE price.

2️⃣ Large capital inflow of ETH into the Aave V3 protocol A large holder, after being dormant for 7 months, withdrew 5,180 ETH (worth approximately 12.57 million USD) from a centralized exchange and deposited it into the Aave V3 protocol. This demonstrates confidence in the Aave ecosystem and may encourage more users to participate in the Aave protocol.

3️⃣ Large amount of USDT transferred to Aave platform Approximately 399.9 million USDT (worth about 401 million USD) was transferred from a certain exchange to the Aave platform. Such a large influx of funds could enhance the liquidity and usage of the Aave platform, thereby positively affecting the price of the AAVE token.

From a technical perspective, the price of AAVE has seen a significant rise in the past 24 hours, breaking through previous resistance levels. However, it is worth noting that two large holders have recently sold approximately 24,936 AAVE, valued at about 5.51 million USD, which may put some pressure on the price in the short term.

This message is not intended as investment advice; investors should be aware of market volatility risks.