DeFi token AAVE is seeing renewed bullish momentum as whale activity intensifies and technical signals point toward a potential breakout.
Ethereum whale wallet 0x372c has made headlines after purchasing 18,627 AAVE, valued at approximately $4.96 million, in a single transaction. This latest buy brings the wallet’s total AAVE holdings to 261,064 tokens, worth $69.8 million. Since May 1, the whale has acquired 118,768 AAVE, signaling growing institutional confidence in the DeFi giant.
Whale 0x372c bought another 18,627 $AAVE($4.96M) 3 hours ago.
— Lookonchain (@lookonchain) May 27, 2025
This whale has bought a total of 118,768 $AAVE($29.14M) since May 1 and currently holds 261,064 $AAVE($69.8M).https://t.co/L9E9YRsbEs pic.twitter.com/25abmupOAW
Crypto analyst Ted shared the transaction on X, remarking, “DeFi summer coming. When real capital moves, it moves on ETH.” The wallet’s aggressive accumulation has sparked speculation that a major price rally could be on the horizon.
Key Resistance at $280: Path to $400?
AAVE is currently trading at $277, up 3% on the day, and testing a critical resistance zone between $240 and $280. Analysts view a breakout above $280 as the gateway to $400, with little resistance in between. According to analyst CW, “Once $280 is breached decisively, the next major sell wall doesn’t show until $400.”
The technical indicators support this bullish outlook. The Relative Strength Index (RSI) is nearing overbought territory, reflecting strong momentum, while Bollinger Bands are widening, indicating high volatility and bullish pressure. A sustained close above the 20-day SMA at $240 could further validate the bullish trend.
Also Read: Aave (AAVE) Bull Run? Whale Activity and Exchange Outflows Point to Potential Gains
Accumulation and Market Outlook
Beyond whale activity, the Accumulation/Distribution (A/D) line is trending upward, a sign of consistent capital inflow. Over the past 30 days, AAVE has surged 63%, recovering from a low of $125 and adding more than $1.6 billion to its market cap.
Despite this strong performance, AAVE remains 63% below its all-time high of $666.86 set in 2021. Still, with mounting whale interest, positive technical signals, and renewed optimism in the DeFi space, many analysts believe that AAVE’s path to $400 could be a matter of “when,” not “if.”
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
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