AAVE Rises 21% in 7 Days to $91.48; Founder Rejects Discount Sale Report, Announces Aavenomics 3.0 Buyback

AAVE-3.96%
GHO-0.02%
Aave's AAVE token rose 21% over the past seven days to $91.48, according to market data as of June 30, 2026. The surge came as founder Stani Kulechov rejected reports of a discounted token sale involving Kraken and announced Aavenomics 3.0, which will include an automated and non-discretionary AAVE buyback mechanism. Kulechov stated: "There is NO WAY we'd sell AAVE at a 70% discount." He clarified that broader partnership discussions with market participants had taken place but pushed back against the reported transaction structure and valuation. The protocol is generating approximately $134 million in annualized revenue directed to the Aave DAO, with Kulechov confirming that 100% of Aave Protocol and GHO revenue flows to AAVE token holders under the Aave Will Win proposal.
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