Coinspeaker
Oct 30, 2025
12 0

AERO Token Surges 7% Amid Whale Accumulation and Buybacks

Aerodrome (AERO) Token Update:

  • AERO surged 7% to $1.04, with a 10% increase in trading volume.
  • Whales increased their holdings by 5.9%, adding approximately 90.5 million AERO tokens.
  • Aerodrome conducted $453,000 worth of token buybacks, the highest in three months.

Technical Analysis:

  • AERO surpassed a resistance level at $0.94 with a bullish MACD crossover.
  • Near-term target is $1.20 if support above $0.94 holds.
  • A breakout from a symmetrical triangle pattern is noted, with resistance at $1.42.

AERO price chart inside symmetrical triangle. | Source: TradingView

Market Activity:

  • Animoca Brands acquired AERO tokens and max-locked them as veAERO, enhancing governance power.
  • The acquisition underscores Aerodrome's role as a crucial DeFi infrastructure on Base.

Future Prospects:

  • MWX launched its token MWXT on Aerodrome, expanding ecosystem growth.
  • If AERO maintains momentum, it could reach targets of $1.20 and $1.42.