Aave Founder Purchases 84,033 AAVE Amid Governance Dispute

Aave Founder Increases AAVE Holdings Amidst Governance Turmoil

Stani Kulechov, Aave's founder, purchased 32,660 [AAVE](https://holder.io/coins/aave/) tokens valued at $5.15 million.
Total AAVE acquired in the past week: 84,033 tokens at a cost of $12.6 million, with an unrealized loss of $2.2 million due to price drop.
Aave faces internal conflict between Aave Labs and parts of the Aave DAO, causing significant market activity decline.
AAVE's value fell by 18% over the past week, losing over $500 million in market value.
DexCheckAI reports decreased trading activity and loss of more than 980 on-chain holders.

Aave Governance Conflict Details

A governance dispute arose after Aave Labs redirected swap fees from CoW Swap integration to its wallets instead of the DAO treasury.
This decision bypassed DAO discussions, resulting in community backlash and proposals to make the labs DAO-controlled.
Kulechov submitted a proposal for brand ownership to Snapshot for voting amid controversy over submission timing and lack of consent from Ernesto, a former CTO.
The vote is ongoing with the community divided; Polymarket odds suggest a low chance of passing.
Recent whale sale of 230,350 AAVE further impacted the token's price, dropping it by 4.8%.