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AAVE token drops 6% below $140 despite new lending market expansions

Market News
24 Oct 2026
Coinpaper
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Bearish
AAVE token drops 6% below $140 despite new lending market expansions

AAVE's price fell about 6% on October 24, dropping below $140 amid broad crypto selling pressure despite recent protocol expansions introducing new institutional lending markets. The token's decline contrasts with Aave's growth in lending infrastructure, including new markets for Ripple's RLUSD and PayPal's PYUSD. No specific negative event triggered the selloff, which reflects wider market weakness and technical factors. Key support at $130 is watched closely, while recovery above $150 could signal improved momentum.

AAVE's market cap on Pluang stands at Rp38,17 trillion as of October 25, 2026, 03:01 WIB, with a 24-hour trading volume of Rp4,26 trillion. Despite the recent price drop of 6.50% to Rp2.474.880, Pluang users show strong buying interest, with 98% of order activity on the platform being buy orders. The typical hold time for AAVE on Pluang is 106 days, indicating a relatively patient investor base amid the token's current volatility.

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