AAVE Token Climbs 2.12% Amid Governance Shakeup, SEC Resolution, and $1 Million Selloff

AAVEUSDT has seen a 24-hour price increase of 2.12% on Binance, with the current price at $94.73, opening at $92.76. The price change is attributed to ongoing governance transitions, including Chaos Labs departing as Aave’s risk manager and LlamaRisk becoming the sole risk provider, which has intensified market scrutiny and volatility. Additional selling pressure was observed after a significant trader sold over $1 million in AAVE, while the SEC’s conclusion of its investigation provided some clarity. Aave’s recent trading volume remains strong, with $423.6 million reported, and its market capitalization is approximately $1.5 billion. Despite short-term gains, AAVE is trading near two-year lows amid governance changes and a bearish technical outlook.