- Aave pumped 15% after a weekly buy -off proposal increased by $ 1 million for 6 months.
- More than 480,000 tokens have been removed from exchanges in the last three months.
Aave (Aave) was an aberrant value after posting a gain of 15% despite a larger sale on the market. The rally followed a weary bought redemption proposal of $ 1 million by the protocol team.
Part of the Aave Chan Initiative (ACI) proposal to reorganize Aave Tokenomics, read,,
“The ACI considers that this proposal may require AFC to start a buyout and distribution program immediately at the rate of $ 1 million / week for the first 6 months of the mandate.”
The buyout program could be extended, which means increased demand for the part and a reduction in supply, increasing the value of the token in the medium term.
Aave pumps 15%
At the time of writing the editorial time, the play closed the negotiation session with a gain of 14%, in 24 hours. He spent the gains at 16%, after an increase of almost 2% during the first Asian negotiation session on March 5.
Source: aave / usdt, tradingView
Since the peak of $ 399 last December, the play has decreased by more than 50% to a hollow of $ 167 while Trump’s pricing wars have exerted a feeling of risk and uncertainty of the market.
While the positive news has pushed the token back to its downward trend (white), the overall market structure was always downgraded in the daily graph.
Jump over $ 227 and recover mobile averages (mid-range of $ 250) because the support would transfer the lever lever effect to the medal.
Nevertheless, as revealed by the daily RSI which launches below the neutral level, the current lukewarm demand could cap the recent rally.
That said, Marc Zeller, founder of Aave Chan Initiative, a service provider for the part, called The “most important” tokenomics update for the history of the protocol.
For its part, pseudonym analyst deffi, IgnasQualified the move as “big” referring to the profits and the ability of the protocol to maintain the acquisition.
“All of this is possible because the treasure of Aave is booming; 115% increase in cash reserves, now $ 115 million. »»
Aave accumulation increases 16%
The decline seen last December saw the AAVE exchange reserves go from 2.8 million to 2.38 million dollars. It is a huge 480K aave tokens (more than $ 96 million) withdrawn from exchanges, an increase of 16% of the accumulation of holders during the decline.
Source: cryptocurrency
This could well increase for the long -term DEFI token, if the broader feeling of the market improves and increases the shoulders of the price and the fears of inflation.
