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.AERO-0.48%Source:Show OriginalDisclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
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