DEV Community

Cover image for 🚨 Why $AAVE Is Ripping Right Now (+22%)
Tyler McKnight
Tyler McKnight

Posted on

🚨 Why $AAVE Is Ripping Right Now (+22%)

AAVE just went vertical - up 22% in a day and sitting around $264. Volume’s up over 60%, making it one of the top gainers this week. But this pump isn’t just hype - there’s a solid narrative behind it.

🧠 So What’s the Catalyst?

The U.S. Senate just pushed forward the GENIUS Act, a bill focused on regulating stablecoins. That might not sound exciting, but for DeFi players like AAVE, which rely on stablecoin liquidity - it’s a huge deal. More regulatory clarity could mean more confidence, more users, and way more capital flowing into the protocol.

📊 The Charts Back It Up

AAVE just broke out of an ascending channel that’s been building since early May. It's holding above the 50-period SMA at $228 and heading into resistance at $270–$275. RSI’s creeping toward 70 - maybe we cool off a bit, maybe not. But the breakout’s clean.

💰 TVL Doesn’t Lie

Aave’s Total Value Locked just surged to $30 billion, up 25%. TVL rising alongside price = strong hands moving in, not just weekend speculators.

🧭 What’s Next?

If AAVE clears $275 with volume, $300 is the next psychological target. If it fades, $230 is the likely bounce zone. Either way, this move looks more than just a random meme bounce.

📊 WhiteBIT Chart: AAVE/USDT (4h)

Top comments (0)