Aave DAO has approved a buyback plan for 1,000,000 USD in AAVE tokens weekly over six months. The vote showed strong community support with more than 427,000 votes in favor. This decision aims to bolster AAVE’s market presence despite current price pressures.
Despite the excited community response, AAVE’s market performance faltered with an 18% fall in its price recently, dropping to around 121 USD. Aave’s liquidity and the broader market conditions are critical factors influencing this price retracement.
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