At the moment when AAVE founder dumped 5.45 million, can the million-dollar buyback hold the 260 support line?
The leading lending platform surged against the trend, with $260 becoming the dividing line between bulls and bears. Supported by the expectation of Aptos deployment on a non-EVM chain and a weekly buyback of one million dollars, AAVE strongly broke through $260 in early trading. The key is whether it can stabilize at this position: if it stabilizes with increased volume, it will open up the space to reach $325; otherwise, it may retrace to the strong support at $219.
Currently, the battle between bulls and bears is intense, as founder Stani's transfer of 20,000 AAVE, worth about 5.45 million dollars, has raised concerns about selling pressure, but institutional buying and RWA loan expansion are forming a hedge.
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