AAVE: Oh, the Drama!📉

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Really, darling, the Aave situation is positively exhausting. All that vigorous rallying in August…and for what? A rather rude rejection at $335, naturally. One simply cannot expect markets to be consistently agreeable, can one? It appears a 12.03% tumble in the last 48 hours demonstrates that point quite eloquently. And that terribly clever Mr. Ali Martinez suggests things might become… rather less festive. 🙄

A Double-Top Debacle: $230? Good Heavens!

Apparently, the charts are forming a “double top.” A “double top,” you say? Sounds dreadfully vulgar. It means the price tried to be cheerful twice, bumped its head on $335 both times, and is now contemplating a rather depressing downward spiral. It’s all so terribly predictable, isn’t it? And, naturally, slipping below $300-$310 is causing a bit of a flutter amongst the investors. Such frightful sensitivity!

Mr. Martinez, with a seriousness I find rather charming, points to $278-$280 as the critical line in the sand. Should Aave breach this, well, one shudders to think. A journey back to $230, he warns. $230! It’s practically a throwback. Unless, of course, it rallies and reclaims $335…but let’s not be overly optimistic, shall we? 🥂

Trillions Deposited: How Very Grand!

One must concede, Aave is rather popular. Apparently, over $3 trillion has been deposited with them since 2020. $37.15 billion currently locked away! Rather a lot of money, wouldn’t you agree? It’s spread across Ethereum, Arbitrum, and Base, which sounds frightfully modern. 🤖

Currently trading at $296 – a slight disappointment, if I’m honest, down 0.71% overnight, and 7.55% for the month. Still, a year-on-year profit of 168.77% is something to boast about, I suppose. And with a possible “altseason” looming…well, one might consider keeping an eye on it. Though frankly, I’m much more interested in a decent cocktail.🍹

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2025-08-17 14:11