- Aerodrome Finance price eyes breakout above $1.
- This follows Animoca Brands’ announcement that it purchased and staked AERO tokens on the open market.
- Market sentiment and growing institutional confidence could push Aerodrome Finance toward $1.34.
The price of Aerodrome Finance (AERO) climbed amid bullish momentum.
The token gained after web3 and gaming investor Animoca Brands revealed a strategic market purchase and subsequent staking of AERO, a move that helped lift the AERO price by more than 10% over a 24-hour period and briefly push it above the $1 mark.
Animoca Brands’ backing of Aerodrome Finance adds to rising institutional interest in the decentralized exchange project on Base.
Animoca Brands acquires AERO and takes a long-term stake
On October 28, Animoca Brands announced it had market-acquired a position in AERO tokens and publicly stated it had locked those tokens into 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 purchase and staking of AERO align with Animoca’s mission to create value in open networks and support innovative protocols.
As the company noted, it sees Aerodrome as a dominant force on Base. With more than 50% of DEX total value locked (TVL) on the blockchain, Aerodrome has become a central liquidity hub for the ecosystem.
“Aerodrome is an important part of the engine driving DeFi growth on Base, and Coinbase makes it seamless for its CEX users to trade tokens that have liquidity on DEXs like Aerodrome, generating additional value for Aerodrome voters. With sustainable tokenomics for $AERO and the team’s ability to execute, Aerodrome has proven its status as a key player in base infrastructure,” Animoca Brands posted on X.
The investment follows a pattern of institutional support for Aerodrome, including prior purchases by entities 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 bulls target breakout above $1
At the time of writing, AERO is roughly 2% higher on the day, with the 24-hour gain extending to about 10% following the announcement.
Over the past week, AERO has risen 26%, outperforming broader market gains and maintaining an upward trend since hitting a recent low of $0.70 on October 17.
The price now trades in a key range near $0.99 as bulls push for a decisive breakout above the psychological $1 level.
AERO price chart by TradingView
If AERO strengthens above $1, bulls may target the next resistance levels around $1.20 and then $1.34.
The 4-hour RSI at about 70 indicates the token is pushing into overbought territory, which could suggest near-term consolidation or profit-taking. However, the MACD displays strength for buyers, with the signal line crossing above the zero line—an indicator of bullish momentum.