AAVE Token Faces 2% Drop Amid BGD Labs Exit and Vitalik Withdrawal; Binance Futures Surge

AAVEUSDT experienced a 2.01% price decline over the past 24 hours, opening at 118.23 and currently trading at 115.85 on Binance. The price change can be attributed to recent protocol developments, notably BGD Labs' announcement of its departure from Aave DAO and a large withdrawal by Ethereum co-founder Vitalik Buterin, which contributed to market uncertainty. Additional factors include the ongoing consolidation phase following a 29.7% rally earlier in the month, as well as community reactions to recent grant proposals and institutional interest shown by Grayscale's ETF application. Current market activity remains robust, with trading volumes on Binance Futures reaching 49.40 million USDT and the circulating supply at 15.33 million AAVE out of a total of 16 million.