AAVE price soared 26% in a week — Will rising FOMO lead to bankruptcy?

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Cryptocurrency market performance:

In the past week, the cryptocurrency market has performed positively, especially in the decentralized finance (DeFi) sector and tokens.

For example, Aave's price has risen after a period of stagnation, with AAVE price increasing by over 26% in the past week.

Possibility of AAVE price correction:

As the price of Aave tokens rises, investor sentiment has become positive.

However, on-chain data suggests that AAVE's bullish trajectory may face short-term setbacks. According to social volume and weighted sentiment indicators, the Aave price may experience a brief adjustment, as cryptocurrency prices often move contrary to market trends.

Latest data indicates that the Aave price may be stuck in consolidation, failing to maintain above $380 on Friday, currently valued at $365.

DeFi token market performance:

During this bull market cycle, despite the focus on meme coins, some well-known DeFi coins have also started to gain attention.

In the past week, besides AAVE, many large DeFi tokens have seen market capitalization growth, with the market cap in the DeFi token sector nearly doubling to $20 billion.

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