Aave Exchange Reserves Surge as Price Dips Below $86

Aave exchange reserves have seen a significant surge in recent weeks, reaching 2.23 million AAVE on April 7. This increase in reserves since early February suggests a transition from accumulation to distribution, where sellers dominate buyers.

According to CryptoQuant data, Binance holds around 1.63 million AAVE, which rose from 1.57 million AAVE held in early February after adding over 60,000 AAVE. This indicates that more people are moving their tokens onto exchanges with the intention of selling them.