base-pidgin

Aave (AAVE) is showing signs of a potential recovery, driven by increased demand from whales. Key points:

- Whales have been accumulating AAVE tokens over the last two weeks, now holding 56.69% of the total supply.
- Retail holders have also been buying the dip, increasing their balances.
- Whale accumulation is a positive sign for AAVE bulls, suggesting a potential price rally.
- AAVE's money flow indicator has been on an uptrend since January 8, indicating liquidity is flowing back into the token.
- Derivatives volume peaked at $1.04 billion, with Open Interest reaching $310.50 million, highlighting increased activity behind the token.
- Spot demand has also increased, with spot outflows declining and turning positive on January 11.