The Sudden Surge of AAVE price!
The volume of swaps involving AAVE tokens was relatively low, suggesting that it had little impact on the token's price.
Hourly Comparison: ETH Price vs. AAVE Token (USD and Percentage) since June 20, 2023
The following charts may provide insights into the recent price pump. A particular whale with the address '0x5a801a94' apparently accumulated approximately 257,000 AAVE tokens. The accumulation of 257,000 AAVE tokens, valued at approximately 17 million US dollars at the time, seems to be the driving factor behind the increase in AAVE token price.
However, one day after reaching its highest point, a transfer of 157,000 AAVE tokens was made to the address '0x42d65b857'. As per Etherscan, this wallet currently holds approximately 300,000 AAVE tokens.
The chart on the right illustrates the activities that occurred between June 20 and 27, during which the address '0x5a801a94' accumulated 101,000 AAVE tokens.
AAVE Transfer Activities Since June 20, 2023 (Including Wallets, CEXs, Platforms, etc.)
Similar to the swap volume, there were no significant or unusual activities observed in terms of deposits and staking. Therefore, it can be concluded that these activities did not have any noticeable impact on the price of the AAVE token.