AAVE Rallies 13% Amid Rising Whale Activity and Exchange Reserves

Aave [AAVE] surged 13% over the last 24 hours, supported by the expansion of Aave V4 on Base, which allows tokenized stocks like Coinbase ($COIN) to be used as collateral for USDC loans. On-chain data shows increased whale activity and trading volume, contributing to buying pressure. However, exchange reserves have reached a new monthly high, which could introduce potential selling pressure if holders move tokens to exchanges to realize profits. Derivatives data indicates that trading activity is currently in an overheated state, suggesting accelerated momentum.