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Aave (AAVE) Falls 5.67% as Protocol Freezes Markets After Binance Incident

AAVE traded at $125.8, below $140 and $129. A technical assessment marked $115 as nearby demand and $113.4 as weekly support.

Updated 1 min read
Metal gates seal transparent lending compartments in an editorial graphic set in London. / TokenPost.ai (macro)
Metal gates seal transparent lending compartments in an editorial graphic set in London. / TokenPost.ai (macro)

Aave (AAVE) fell 5.67% to $125.8 over the 24 hours to Friday, while a freeze on its V3 and V4 markets across networks blocked users from opening new supply or borrowing positions.

Aave suspended the markets following a hot-wallet incident involving Binance on Oct. 29.

At 6:15 p.m. ET Thursday, an earlier EconoTimes market snapshot put AAVE at $124.73 after a 7.74% decline over its own 24-hour window. The Thursday and Friday percentage figures cover separate periods, so they do not show a direct day-to-day change.

The chart assessment placed AAVE below $140, a former support area, and the $129 technical mark. It identified a nearby demand area around $115 and weekly support at $113.4. The weekly reading was bearish, while the shorter-term swing signal was slightly bullish. At $125.8, AAVE was below the two higher chart levels and above the lower demand and support references.

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