AAVE Sheds -21.3% in Two Days After +27.8% Rally — Volume Triples on the Collapse
AAVE peaked at $115.42 on April 16 after a +27.8% rally from its April 12 close, then posted back-to-back daily declines of -11.92% and -10.7% — the 2nd and 3rd largest single-day drops in the 90-day dataset — erasing the entire rally and pushing AAVE back to $90.39, just 0.4% above its 90-day low. Volume on April 19 hit 3.1x the 90-day average, confirming high-conviction distribution rather than a quiet drift.
Supporting 7 queries
To surface this insight, Baselight ran 7 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
AAVE close: Apr 12 = $89.99 → Apr 16 = $115.42 (+28.3%) → Apr 18 = $101.22 (-11.92%) → Apr 19 = $90.39 (-10.7%); 2-day cumulative = -21.7%; Apr 19 volume = 5,157,685 vs 90d avg = 1,670,511 (3.1x); 90d high = $163.86, 90d low = $89.99; pct from 90d high = -44.8%. Apr 18 and Apr 19 are the 2nd and 3rd worst single-day returns in the 90-day dataset, behind only -18.4% on Feb 5.