1 month ago
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Key Takeaways
- AAVE trades at $84.96, holding above its pre-surge base after a late-June spike.
- Standard Chartered set a $3,500 end-2030 target, roughly a 50x call.
- New AAVE addresses hit 1,806 on June 30, about 9x the spring baseline.
- The user growth kept building after the price pop faded.
AAVE’s price spike has faded, but the more interesting signal didn’t. The token jumped toward $100 in late June on a Standard Chartered coverage note, then cooled to the mid-$80s, yet on-chain user growth kept accelerating after the price peaked. That gap between a fading pump and sustained adoption is the real story here.
The Catalyst and the Price Path
The trigger was Standard Chartered. On June 24, the bank’s Geoff Kendrick initiated coverage on AAVE, shared by Coindesk, with an end-2030 target of $3,500, roughly a 50-fold increase from its price near $70 at the time, a projection that would see AAVE outperform both Bitcoi...
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