- Aerodrome Finance eyes a breakout above $1.
- This follows Animoca Brands’ announcement that it market-acquired and staked AERO tokens.
- Market sentiment and growing institutional confidence could push Aerodrome Finance price to $1.34.
The price of Aerodrome Finance (AERO) has risen amid upward momentum in the market.
The token gained after web3 and gaming investor Animoca Brands disclosed a strategic purchase of AERO tokens, a move that helped lift AERO’s 24-hour performance by over 10% and briefly push the price above the $1 mark.
Animoca Brands’ support for Aerodrome Finance adds to mounting institutional interest in the decentralized exchange project built on Base.
Animoca Brands acquires and stakes AERO
On October 28, Animoca Brands announced it had market-acquired a position in AERO and subsequently staked those tokens for veAERO, signaling a long-term commitment to Aerodrome Finance.
We’ve market acquired a position in $AERO and max-locked as $veAERO.@AerodromeFi is an innovative, next-generation AMM that has consistently captured over 50% of @base’s DEX TVL, establishing itself as the central liquidity hub for the ecosystem.
Our rationale for doing this… pic.twitter.com/dBWCRkCryf
— Animoca Brands (@animocabrands) October 28, 2025
The acquisition and staking align with Animoca Brands’ mission to create value in open networks and support promising protocols.
As noted in the announcement, the company views Aerodrome as a dominant player on Base. With more than 50% of the chain’s decentralized exchange total value locked (TVL), Aerodrome has become the primary liquidity hub for the ecosystem.
“Aerodrome is a key component driving Base’s DeFi growth, and Coinbase makes it seamless for its CEX users to trade tokens that have liquidity on DEXes such as Aerodrome, which creates more value for Aerodrome voters. With sustainable tokenomics for $AERO and a capable team, Aerodrome has proven itself as an essential player in Base infrastructure,” Animoca Brands wrote on X.
The investment follows a pattern of institutional backing for Aerodrome, which has previously attracted support from entities such as Coinbase Ventures and Wintermute Ventures.
Alexander Cutler, CEO of Dromos Labs and a key contributor to Aerodrome, praised Animoca’s move, noting that AERO’s value is realized through open market participation and active engagement.
Price outlook: AERO bulls target breakout above $1
At the time of writing, AERO is up nearly 2% on the day and has extended gains to about 10% over the past 24 hours.
Over the past week AERO has climbed roughly 26%, outperforming broader market gains and forming an uptrend after bottoming at $0.70 on October 17.
The price currently trades in a key zone near $0.99 as bulls target a decisive breakout above the psychological $1 level.
If AERO firmly breaks above $1, bulls could set their sights on the next resistance levels around $1.20 and then $1.34.
Technical indicators show a 4-hour RSI near 70, suggesting gains could push AERO into overbought territory. Meanwhile, the MACD signals buyer strength as the MACD line crosses the signal line above the zero line, indicating bullish momentum.