DeFi· ★★★· bullish·

AAVE tests $165.98 — a breakout could open the path to $180

  • —Aave is weighing a burn of AAVE tokens repurchased via its buyback program
  • —Cumulative protocol revenue reached $3 billion
  • —Two wallets swapped 50.95 WBTC worth $4.26 million for 25,502 AAVE
  • —AAVE exchange reserves rose 6.26% to roughly $440 million
Why it matters: A burn would cut AAVE supply, but rising exchange reserves keep the risk of selling pressure alive.
#AAVE#WBTC
Source: AMBCrypto
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