Aave’s native token (AAVE) fell 4.6% to a low of $111 on April 18, 2026, as retail traders sold off, while on-chain data shows large wallet holders used the dip to accumulate more tokens.
According to on-chain analytics, wallets holding between 10,000 and 100,000 AAVE have been steadily increasing their balances throughout the price dip. This accumulation by whale accounts, in direct contrast to the panic-selling from smaller retail-sized wallets, suggests a potential price floor may be forming. The divergence between large and small investors often precedes a trend reversal.
The recent 4.6% price drop for AAVE on the Ethereum blockchain was part of a wider market downturn. However, the specific accumulation pattern by whales points to a bullish outlook for the decentralized finance protocol. If this buying pressure continues and the price reclaims the immediate resistance level at $116, the token could be poised for a significant upward move.
The key level for AAVE bulls to watch is $116. A sustained break above this price could validate the whale accumulation thesis and set the stage for a rally toward the next major resistance and psychological target of $125, a level analysts predict could be reached within the next two weeks. Bitcoin's recent stabilization above $60,000 provides a supportive macro backdrop for potential altcoin rallies.
This article is for informational purposes only and does not constitute investment advice.
