AAVE Token Drops 13.48% Amid Whale Sell-Off, DAO Governance Disputes, and $120M TVL Outflow

AAVEUSDT experienced a sharp price decline of 13.48% in the past 24 hours, with the Binance-reported price dropping from 175.93 to 152.22. This decrease is primarily attributed to a substantial sell-off by a whale address that exchanged approximately 230,350 AAVE tokens, combined with ongoing internal governance disputes within the Aave DAO regarding control of brand assets and treasury management. Additionally, a $120 million total value locked (TVL) outflow from Aave to Compound, following Compound's collaboration announcement with BlackRock, contributed to market pressure.

Currently, AAVEUSDT is trading at 152.22 on Binance, with 24-hour trading volume remaining elevated and market capitalization estimated around $2.35–2.8 billion. The circulating supply is approximately 15.3 million AAVE out of 16 million total, reflecting significant market activity and volatility.