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- A whale purchased $15M in AAVE, sparking bullish sentiment.
- Futures activity surged, with whales dominating derivatives.
- Technical indicators suggest a potential move toward $336.
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Aave (AAVE) has been on traders’ watchlists after struggling to reclaim the $331 level, which it tested and rejected just five days ago. At press time, the DeFi token was trading at $303, recording modest 24-hour gains of 1.08%. While price momentum remains capped, on-chain and futures data highlight notable whale activity that could shape AAVE’s next move.
Whales Return With $15M AAVE Purchase
A newly created whale wallet scooped up 50,000 AAVE tokens, valued at roughly $15.07 million, according to data from Onchain Lens. Such large-scale accumulation is typically seen as a vote of confidence and often acts as a bullish signal.
A newly created wallet withdrew 50,000 $AAVE, worth $15.07M, and 15 $ETH, worth $64.67K, from #Kraken.
— Onchain Lens (@OnchainLens) September 9, 2025
Address: 0x7D94077f58593F8b97c5cAB56c8924E13b49946E pic.twitter.com/Q7210cOlhS
Supporting this sentiment, exchange data from CoinGlass revealed that AAVE recorded a negative Spot Netflow for four consecutive days, signaling higher outflows from exchanges and sustained investor accumulation. At press time, net outflows stood at -$613,000.
Futures Market Dominated by Whales
Beyond the spot market, whales have also asserted dominance in AAVE’s futures activity. Data from CryptoQuant showed that “Big Whale Orders” were recorded for seven consecutive days, highlighting strong participation in derivatives.
The altcoin’s derivatives volume surged 48.9% to $829.78 million, while Open Interest rose 2.6% to $624 million. Such increases usually point to stronger capital inflows and market participation. However, AAVE’s Long/Short Ratio remained below 1, hovering around 0.94, with short positions accounting for 51% of total accounts — suggesting whales are leaning bearish in the short term.
Key Indicators Point to Possible Breakout
Despite mixed futures sentiment, AAVE’s Stochastic RSI made a bullish crossover at 21, hinting at strengthening buyer momentum. For a sustained upside move, the Relative Strength Index (RSI) must also confirm an upward crossover.
Also Read: AAVE Whale Accumulation Signals Bullish Breakout Potential Toward $430
If buyers maintain momentum, AAVE could rally toward the $336 resistance zone. Conversely, failure to build on this momentum might see the token retrace to its $296 support level.
Whale activity has injected fresh speculation into AAVE’s outlook, with $15 million in accumulation and rising futures interest shaping the narrative. While short positions suggest caution, technical indicators hint at potential bullish continuation. Traders now await confirmation from RSI signals to determine whether AAVE is primed for a breakout or a temporary pullback.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
