#BinanceLaunchpoolSXT
Current status $AAVE :
Recent accumulation trends
$AAVE is leading accumulation movements by "smart money" in the last 24 hours, indicating growing interest from sophisticated investors.
Large investors (“whales”) continue to accumulate even in bear markets. A notable example is the purchase of 96,800 AAVE tokens at an average price of $183.4 per token, totaling an investment of $17.8 million.
Factors driving the accumulation
The Aave protocol recently approved a token buyback program, aiming to acquire $1 million in AAVE weekly for six months. The goal is to strengthen the ecosystem and respond to the demands of holders.
This buyback plan has already impacted the price, which rose over 13% after the announcement, and has increased the market capitalization of the token.
Staking and market data
Currently, 19.12% of AAVE tokens are staked, with an estimated reward rate of 4.63% per year.
The market volume and liquidity of AAVE remain high, facilitating the entry and exit of large positions.
Conclusion
The accumulation of AAVE is being driven by both institutional investors and buyback programs from the protocol itself, in a context of volatility but with signs of medium-term confidence.
