AAVE Price soars 145%, fueled by record low exchange supply and bullish technicals

The Aave token (AAVE) has experienced a remarkable surge, climbing over 145% in just two months. This rally is driven by decreasing exchange balances, reaching the lowest point since February 2021, indicating strong holding sentiment among investors. The record-high total value locked (TVL), now exceeding $26.4 billion and growing at a rapid pace of 30%, further fuels this bullish momentum.