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AAVE Reclaims $100 After Seven Percent Daily Gain, Trading Volume Tops $419 Million Aave (AAVE), the governance token of the decentralized lending protocol of the same name, traded at $102.67 on May 10, up roughly 7% on the day, according to chart data cited by Cryptopolitan.
The move pushed the token back above the $100 mark for the first time since a multi-week consolidation between $92 and $96. Reported 24-hour trading volume reached $419.17 million.
Market capitalization stood at $1.547 billion against a circulating supply of 15.17 million AAVE. Per the technical readout, AAVE printed an intraday high of $103.03 and a low of $94.99.
The token cleared its 50-day simple moving average at $97.51 but remained well below the 200-day SMA at $144.27. Momentum gauges shifted with the move.
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