Aave has introduced a 50 million USD annual buyback program, purchasing AAVE tokens with weekly spending of 1 million USD, aiming to support market prices by decreasing supply.
Since launch, about 1.39 million USD worth of AAVE has been acquired, indicating positive investor confidence. This accumulation suggests potential upward price movement in response.
Liquidity on the Aave platform has increased to 18.029 billion USD in Total Value Locked. Recent changes in the ecosystem may further contribute to price growth and investor trust.
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