AAVE Token Drops 3.62% Amid DAO Funding Disputes Despite High Volume and V3 Mantle Launch

AAVEUSDT has seen a 3.62% price decrease over the last 24 hours, opening at 128.82 and currently trading at 124.16 on Binance. This decline can be attributed to recent governance developments, including Aave Labs’ announcement to direct all protocol revenue to the DAO and the related funding request, which has triggered disagreement within the DAO and raised concerns about ongoing governance stability. Despite recent positive news, such as the launch of Aave V3 on Mantle Network and Grayscale’s spot Aave ETF filing, the uncertainty surrounding DAO funding appears to have contributed to increased volatility and selling pressure.

AAVE maintains robust trading activity, with 24-hour volumes exceeding $350 million and a market capitalization estimated around $1.85–$1.96 billion. The token’s price has fluctuated between $109.73 and $131.42 in the past day, reflecting heightened investor interest and market sensitivity to governance and ecosystem developments.