Aave (AAVE) Falls 3.1% to $152.81 as Trading Volume Drops 42.0%

Over the past 24 hours, Aave's AAVE/USD price has fallen 3.1% to $152.81. This continues its negative trend over the past week where it has

The price of Aave (CRYPTO: AAVE) has fallen over the past 24 hours by 3.1%, bringing it down to $152.81, continuing a downtrend over the past week where it has experienced a loss of 6.0%, moving from $162.87 to its current price.

What Happened: This bearish momentum is also evident over a longer timeframe, as AAVE has encountered a decline of 23.3% over the past 30 days and a loss of 70.1% over the past 90 days.

Relative to the cryptocurrency market, which has seen a rise of 0.3% over the past 24 hours, Aave has underperformed. Over the past week, the crypto market has experienced a gain of 1.1%, compared to AAVE, which has seen a loss.

Within the DeFi Coins category, AAVE ranks 11th by market cap, and has experienced a price change over the past 24 hours that is relative to the majority of other coins within this category. Coins within this category have experienced an average price change of -0.1% over the past day.

Over the past 24 hours, Aave has experienced a trading volume of $64.23 million, down 42.0% from the total circulating supply, which has experienced a slight decrease of 0.03% over the past week.

The current circulating supply of the coin is 14.96 million, which makes up an estimated 93.48% of its max supply of 16.00 million.

According to CoinGecko, the current market cap ranking for AAVE is #46 at $2.28 billion.