The Aave governance turmoil has triggered a chain reaction, with AAVE falling 18% over the week, setting a new low for mainstream tokens.

2025-12-23 07:20:11

[Coin World] In the past week, the price of Aave's token AAVE has not been good, with a decline of 18%, making it one of the worst performers among mainstream crypto assets. What is the culprit behind this? Simply put, it's the unclear issues regarding protocol branding and domain control, along with disagreements within the governance layer, leaving investors feeling uncertain.

From on-chain data, it seems that a large holder couldn't sit still and sold about 230,000 AAVE in a short period, which is approximately 35 million USD when converted to RMB. This wave of selling has directly increased the downward pressure on the market. However, interestingly, Aave's founder Stani Kulechov went against the trend and invested money during the price drop, buying AAVE worth about 12.6 million USD, showing considerable confidence.

However, the founder's recent actions ultimately did not stop the downward trend. The market's reaction was straightforward—there is widespread concern regarding the uncertainty that this governance dispute may bring. This worry has translated into ongoing selling pressure, overshadowing the positive signals conveyed by the founder's increased holdings.

AAVE-1.92%

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FloorSweeper

· 12-23 07:50

Governance fighting means you have to be played for suckers, I'm too familiar with this trap --- Stani buying 12.6 million dollars is useless, it shows that the market doesn’t care at all --- 230,000 AAVE dumped, this large investor really ran away --- If you can't even handle the domain and brand, how can you dare to say you are a top protocol? --- The founder didn't even bail-in at the bottom, really no one can say where the bottom is --- Bottom performance hahaha, let's continue to watch next week --- Governance turmoil = Cut Loss signal, I ran away early in the morning

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MEV_Whisperer

· 12-23 07:46

The governance layer is so incompetent, no wonder the founder's bailing-in couldn't stop the pump. --- Stani invested 12.6 million but it still fell, what does this indicate? --- If they can't even handle domain control issues, how do they expect to be the leader in DeFi? --- 230,000 coins have been dumped, large investors are really fleeing. --- The founder's money injection to save the market failed, how can investors not panic? --- A bunch of governance issues, while other coins are busy expanding, Aave is just playing internal strife. --- An 18% fall, this is really extraordinary among mainstream tokens. --- They can't even clarify the brand and domain, the fundamentals are completely rotten. --- Stani buying tokens is useless, it shows that the confidence in the entire protocol has collapsed.

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SybilSlayer

· 12-23 07:41

The governance issues have turned into a mess, Large Investors have done a Rug Pull, and even the founder's investment can't save it. This is ridiculous.

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MemeKingNFT

· 12-23 07:31

The turmoil in governance is simply due to everyone's lack of confidence in the future of the protocol. The moment the Large Investors sold 230,000 AAVE, I knew it was going to fall. Even the founder's financial support couldn't save it; that's the most heartbreaking part...

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MevSandwich

· 12-23 07:27

The governance turmoil is so disgusting that even the founder's financial support can't save it, indicating that the market has long seen through it. Stani is confident, but the community doesn't buy it. 230,000 coins were dumped, directly breaking through the bottom... this business looks precarious.

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