The Aave (AAVE) token may face selling pressure as large whales and market makers are moving their tokens back to centralized exchanges such as Binance and OKX. One whale unstaked a significant amount of AAVE tokens, potentially removing value from the lender's vaults. The transfers to exchanges could be due to a potential Aave buyback program, which would boost the price of AAVE. Despite these developments, Aave remains a dominant lending protocol in the DeFi sector and has gradually grown its vaults and pools. The protocol is also aiming to make GHO a cross-chain stablecoin and has seen an increase in its GHO supply. However, the Umbrella update, which includes new Aave incentives with token burns, is not yet ready.



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