AAVE extended its weekly gains after Aave founder Stani Kulechov dismissed claims that the decentralized finance protocol planned to sell tokens at a steep discount while also confirming that a new automated buyback mechanism is under development. The token traded at $83.88 at the time of writing, up nearly 16% over the past seven days. The latest comments from Kulechov came after reports suggested that cryptocurrency exchange Kraken was in talks to acquire a large stake in Aave at a significant discount. Those reports sparked debate within the crypto community over the potential impact on token holders and governance. But Kulechov rejected the claims, saying there was « no way » Aave would sell AAVE at a 70% discount.
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