AAVE Whale’s Massive $15M Purchase Sparks Recovery Hopes

A $15M AAVE whale buy signals growing confidence among large investors.

Whale accumulation boosts AAVE price, pushing it back near $260-$270 resistance.

Positive net inflows and withdrawals suggest strong bullish sentiment in the market.

Recently, a big move by a single whale grabbed the crypto world’s attention. After Aave — AAVE, dropped from $270 to $239, a $15 million buy reignited excitement around the altcoin. This isn't just a random trade; it signals growing confidence among big players. Could this purchase mark the start of a meaningful recovery? Let’s dive into what’s driving this surge and what might lie ahead for AAVE.

Whale Activity Fuels Renewed Interest

Following a sharp rejection near $270, AAVE's price pulled back, opening a door for savvy investors. On-chain analyst Ember revealed that a major whale, who previously sold off $20.4 million in WBTC, returned to the scene. Over the last 24 hours, this whale snapped up 57,715 AAVE tokens, investing $15 million at an average price close to $260. This whale has held AAVE for two years, spending around $30.8 million in total. The current holdings are floating on a profit of about $26.3 million—a clear sign that the whale believes in AAVE’s potential. When such a significant player starts buying again, it often sends ripples through the market.

But the buying frenzy isn’t limited to this single whale. Overall, AAVE whales have been increasing their capital inflows, jumping from 89,000 to 224,870 tokens recently. This sharp rise shows a collective move to accumulate more of the altcoin. The large holders’ Netflow stayed positive, climbing from 1,400 to 26,860 tokens, suggesting more buying pressure than selling. Despite these strong inflows from whales, exchanges have reported three straight days of negative Netflow. That means investors are pulling more tokens off exchanges than depositing them.

What Does This Means for AAVE?

The influx of buying has already shown its effects. AAVE climbed to a daily high of $262 before settling near $260, marking a modest gain of 1.73% over 24 hours. The steady accumulation might push prices even higher if buyers continue to hold firm. If this momentum holds, AAVE could retest the $270 level where it previously met resistance. Breaking through this barrier might set the stage for a challenge at the $284 resistance point.

However, the market remains sensitive. Should sellers regain control, the altcoin could slide back to support around $231. Whale activity often foreshadows significant price shifts. This massive $15 million purchase ignited fresh optimism, but traders should watch for follow-through. If buyers keep defending their ground, a strong recovery may be underway.

For now, the key lies in sustaining this buying pressure and maintaining confidence. The market often mirrors the moves of large holders, and right now, whales appear ready to lead the charge. Investors watching closely may find new opportunities as AAVE aims to reclaim lost ground.