AAVE Token Drops 10.84% as Whale Sell-Off and DAO Governance Disputes Drive Bearish Momentum

AAVEUSDT experienced a sharp decline of 10.84% in the past 24 hours, with the price dropping from 175.75 to 156.70, primarily driven by a significant whale sell-off of 230,350 AAVE and ongoing governance disputes within the Aave DAO concerning control of brand assets. These events have intensified selling pressure and increased profit-taking activity among holders, contributing to negative market sentiment and bearish momentum. Current market data from Binance shows the price at 156.70 with high trading volumes and a circulating supply of approximately 15.3 million AAVE, while market capitalization estimates range between $2.35 billion and $2.70 billion.