Aave has been bullish over the past week as buyers defended key support levels and pushed AAVE back above the $90 area. The token rose about 21% in seven days, while at press time, AAVE was up 3.4%, trading at $91.48.
During the rally, AAVE’s market capitalization and 24-hour trading volume surged by 3.4% and 3.66%, respectively, to $1.4 billion and $279.41 million.
The price surge came as Aave founder Stani Kulechov rejected claims tied to a discounted AAVE token sale and said the protocol is working on Aavenomics 3.0, which will include an automated buyback mechanism.
Stani Kulechov Rejects Discounted Token Sale Report
Aave founder Stani Kulechov addressed market discussions around AAVE and rejected claims that the project would sell tokens at a deep discount. He said, “There is NO WAY we’d sell AAVE at a 70% discount lol.”
His statement followed reports that Kraken was in talks to acquire a 15% stake in Aave Group. The reported deal was said to involve 35,000 ETH, 250,000 AAVE tokens, and an equity stake in Aave Group. Kulechov pushed back against the reported structure and valuation, while confirming that broader partnership discussions had taken place.
Kulechov said Aave Labs owns an AAVE allocation that several market participants have discussed buying, directly or indirectly, through deeper long-term partnerships. He described the article’s framing as inaccurate.
He also said 100% of Aave Protocol and GHO revenue goes to the AAVE token under the Aave Will Win proposal. According to Kulechov, no protocol or product revenue goes to Aave Labs, which acts as a service provider to the DAO.
Aave Plans Buybacks and Tokenized Stock Lending
Kulechov said Aave is designing Aavenomics 3.0, which will include a new automated and non-discretionary AAVE buyback mechanism. He said more details would be shared later.
He also said Aave is generating about $134 million in annualized revenue, which goes to the Aave DAO. He added that intellectual property, including the Aave brand and software built for Aave, belongs to AAVE under the Aave Will Win framework.
Aave is also working to expand beyond crypto lending. Kulechov said the protocol aims to serve the broader finance market, including real-world assets and tokenized securities.
Aave executive Luigi D’Onorio DeMeo said Aave V4 will bring tokenized stocks to onchain securities lending. He said users could earn borrowing fees directly without intermediaries or rehypothecation. He also cited a global securities lending market with about $4.6 trillion in securities on loan and about $35 billion in annual revenue.
Can AAVE Price Reach $1,000?
AAVE is rebounding from a long-term support and accumulation area after a deep correction from its 2025 highs. The asset had fallen about 85.54% from a previous major high before recovering into the current range.
According to crypto analyst Patel, AAVE is inside a broad accumulation zone between roughly $69 and $105. The first major upside level sits near $128.89. A weekly close above that level would support a stronger recovery setup and could bring the next resistance near $208.17 into focus.
Source: X
A further move toward $354.98 would require stronger buying volume and broader market support. The long-term $1,000 target remains possible only if AAVE clears several major resistance zones and maintains its recovery over a longer period. As we reported, aligning with the analysis, Standard Chartered forecasted that AAVE could hit $3500 by 2030.
Despite the bullish forecast, support remains near $85, followed by a stronger base around $69. If AAVE loses that accumulation zone, the bullish setup weakens, and the price could revisit lower support near $54. For now, AAVE’s path depends on whether buyers can keep the price above the $90 area and push it beyond the $128.89 resistance level.
