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2 Reasons Why Aave Plummeted 15% This Weekend

TheMotleyFool

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2 Reasons Why Aave Plummeted 15% This Weekend: https://g.foolcdn.com/editorial/images/848479/stock-crash.jpg

Over the course of the past weekend, leading borrowing and lending protocol Aave (CRYPTO: AAVE) plunged 15%, the most significant downside move among any of the top-50 tokens I track on my watch list. Most of this movement has occurred over the past 24 hours, with Aave's decline during this period (as of 1:30 p.m. ET) amounting to 10.2%.

With the overall market capitalization of all cryptocurrencies having appreciated by 1.4% over the past day, this represents a significant divergence from broader trends.

And as many investors may correctly presume, some key token-specific tailwinds are driving severe selling behavior as a result.

Source Fool.com

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