AAVE Token Surges 6.76% as Grayscale Ups Allocation and V4 Upgrade Fuels Bullish Momentum

AAVEUSDT experienced a 6.76% price increase over the past 24 hours, with the current price on Binance at 300.37 USDT. The price surge is primarily attributed to positive developments including Grayscale Investments increasing Aave's allocation to 30.74% in its DeFi Fund, the announcement of Aave V4 with enhanced scalability and risk management features at the ETHCC conference, and bullish sentiment driven by comments from Aave's founder regarding potential US leadership in crypto and DeFi policy. Additional support comes from strong market performance, increased whale accumulation, and a notable reduction in exchange supply, all contributing to upward price momentum.

Aave's market capitalization is approximately $4.44–$4.55 billion, with a circulating supply of about 15.18 million tokens and a capped total supply of 16 million. The 24-hour trading volume remains robust, ranging from $396 million to $485 million, reflecting heightened trading activity and sustained investor interest.