- Aerodrome Finance price rises above $1.
- This followed Animoca Brands announcing it had acquired and staked AERO tokens on the market.
- Market sentiment and institutional confidence could push Aerodrome Finance to $1.34.
The price of Aerodrome Finance (AERO) climbed amid a bullish push after web3 and gaming investor Animoca Brands disclosed a strategic acquisition and staking move that helped extend AERO’s 24-hour gains to more than 10%, briefly topping the $1 mark.
Animoca Brands’ backing of Aerodrome Finance has increased institutional interest in the decentralized exchange protocol.
Animoca Brands buys and stakes AERO
Animoca Brands announced its acquisition of AERO tokens on October 28, saying the purchases were made on the open market. The company then staked all of those tokens as 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 market purchase and subsequent staking align with Animoca Brands’ mission to create value in open networks and to support innovative protocols.
As noted in the announcement, Animoca sees Aerodrome as a dominant player on Base. With more than 50% of the DEX total value locked (TVL) on the chain, Aerodrome has become the primary liquidity hub for the ecosystem.
“Aerodrome is a key component of Base’s DeFi growth engine, and Coinbase enables its CEX users to trade tokens that have liquidity on DEXs like Aerodrome, adding further value to Aerodrome’s stakeholders. With sustainable tokenomics for $AERO and a team capable of execution, Aerodrome has established itself as an essential player in the base infrastructure,” Animoca Brands wrote on X.
The investment follows institutional support for Aerodrome from previous participants such as Coinbase Ventures and Wintermute Ventures.
Alexander Cutler, CEO of Dromos Labs and a major contributor to Aerodrome, praised Animoca’s move, noting that AERO’s value is realized through open market participation and active engagement.
Price outlook: AERO eyes bullish breakout above $1
At the time of writing, AERO was up nearly 2% on the day and had extended its 24-hour gain to roughly 10%.
Over the past week AERO climbed about 26%, outperforming broader market gains and forming an uptrend after bottoming at $0.70 on October 17.
The price currently sits in a key zone near $0.99 as bulls push for a decisive breakout above the psychological $1 level.
AERO price chart from TradingView
If AERO clears $1, bulls could target higher resistance around $1.20 and then $1.34.
On technicals, the 4-hour RSI near 70 suggests gains may push AERO into overbought territory, while the MACD shows strength for buyers as the signal line crosses above the zero line, indicating bullish momentum.