Aave governance token's market value evaporated by $500 million due to disputes between the DAO and Aave Labs over CoW Swap fees and brand/IP control. The proposal in December was criticized, with the price dropping up to 15%. The top 100 addresses' holdings increased to 80%, while exchange balances decreased. Fundamentals remain strong. $AAVE is at $178 (24h +5%).
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Aave governance token's market value evaporated by $500 million due to disputes between the DAO and Aave Labs over CoW Swap fees and brand/IP control. The proposal in December was criticized, with the price dropping up to 15%. The top 100 addresses' holdings increased to 80%, while exchange balances decreased. Fundamentals remain strong. $AAVE is at $178 (24h +5%).