AAVE Founder hints at token destruction, AAVE price rises
2026-10-01 02:26:09
CoinMeta data: The price of AAVE cryptocurrency rose after its founder hinted at the possibility of a token burn, reaching $176 on Tuesday, an increase of over 38% from the beginning of the week. Although the price fell by more than 7% on Sunday and Monday, a surge in demand early on Tuesday caused it to rebound. The founder of the AAVE protocol, Stani Kulechov, has announced major changes to version 3.0, which may include a token burn mechanism, making AAVE more attractive. In addition, AAVE now allows users to use tokenized stocks as collateral to borrow USDC, and this new feature has also driven up its price.
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Source:The Coin Republic
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