AAVE Token Drops 2.66% Amid Record $369M Volume and Governance Upgrades Impact

AAVEUSDT saw a 2.66% decrease over the last 24 hours, opening at 127.67 and currently trading at 124.27 on Binance. The decline follows increased market activity, with AAVE trading volume reaching approximately $369.08 million, and heightened speculation surrounding recent governance proposals and ecosystem upgrades, such as the proposal to allocate all protocol revenue to the DAO treasury and the launch of Aave V3 on Mantle Network. Despite optimism around the anticipated Aave V4 upgrade and a spot Aave ETF filing by Grayscale, the short-term price movement reflects profit-taking and resistance at key technical levels, as well as broader market volatility impacting DeFi assets. Aave maintains a market capitalization near $1.94 billion, with continued interest from institutional and retail traders on major exchanges, including Binance.