AAVE liquidity rises as $4.77 million enters Uniswap ahead of $160 test

  • Stani Kulechov transferred 30,900 AAVE tokens to Uniswap’s AAVE liquidity pool.
  • 30,900 AAVE tokens were worth roughly $4.77 million on Sept. 26.
  • AAVE exchange reserves rose 7.59% to approximately $415.2 million within 24 hours.

AAVE’s DeFi (decentralized finance) ecosystem strengthened after founder Stani Kulechov transferred 30,900 AAVE tokens worth roughly $4.77 million to the Uniswap AAVE liquidity pool on Sept. 26, adding market depth to support trading activity. The token was recovering from its June local low near $58. Tokenized commodities deposited across DeFi reached $133.3 million, with Aave accounting for $51.3 million across V2, V3 and V4. Aave and Uniswap together represented about 86% of the reported deposits. The improving fundamental backdrop faced a supply challenge, however, as CryptoQuant recorded a 7.59% increase in AAVE exchange reserves to approximately $415.2 million in 24 hours. AAVE had already risen about 2.7 times from its June low, potentially increasing the importance of available exchange supply as holders consider taking profits. On the daily chart, AAVE broke above $147.64 and converted that former range ceiling into support, then advanced toward $154.39. The RSI (relative strength index, a momentum gauge) rose to 66.61 while its signal average stood at 59.95, remaining below the 70 overbought threshold. A move above $160 could expose the $180 zone, while a loss of $147.64 would weaken the breakout and return the token to its earlier consolidation range. The Binance Liquidation Heatmap showed liquidation clusters around $157-$162 above the roughly $154 trading level, alongside liquidity concentrations near $151 and $148 below price.

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