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Aave launches USDC incentives on Base, but selling pressure risks further price drops.

Market News
03 Nov 2026, 14:00 WIB
AMBCrypto
View Source
Bearish
Aave launches USDC incentives on Base, but selling pressure risks further price drops.

Aave introduced USDC borrowing incentives on its v4 platform on Base, lowering costs to boost user participation and DeFi adoption. Despite this, the AAVE token faces selling pressure from a recent security breach linked to Mercado Bitcoin and large whale sales, causing a price decline. Technical analysis shows AAVE trading in a range with bearish momentum, and a drop below $113-$120 could signal further losses. Investors should watch this zone closely for trend shifts.

While Aave's token price has dropped 6% due to whale selling and security concerns, on Pluang it trades at Rp2.321.990 with a 1-day loss of 2.80% as of Nov 03, 2026 19:17 WIB. This decline contrasts with the strong sell pressure seen in Pluang order activity, where 74% of trades are sells. The circulating supply of 15.4 million AAVE tokens and a market cap of Rp35.76 trillion highlight the token's significant presence despite recent bearish momentum.

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