Aerodrome Finance (AERO) experienced a 10.43% price increase, reaching a key support level of $0.75, fueled by significant whale accumulation and robust buy-side activity. Whale orders led the spot market, with buy volume surpassing sell volume by 1.2 million, as reported by Coinalyze.
Despite the price surge, a 20% reduction in team buybacks to $340,000 has sparked concerns about potential selling pressure. The spot netflow turned negative at -$83,000, indicating that buyers have regained control. While AERO could aim for $1.07 if demand persists, the decrease in buybacks might lead to a drop to $0.71.
Aerodrome Finance Rises 10.43% on Whale Activity Despite Buyback Decline
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