Aave's AAVE token has experienced an 18% decline over the past week, primarily due to a governance dispute concerning branding and domain control. The situation intensified as a major holder sold 230,000 AAVE tokens, valued at $35 million, contributing to the downward pressure on the token's price. Despite the sell-off, Aave founder Stani Kulechov purchased $12.6 million worth of AAVE tokens during the decline. However, the market's support and resistance levels failed to stabilize the token's value, reflecting increasing uncertainty among investors regarding the governance issues.
Aave Token Plummets 18% Amid Governance Dispute
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