Aave is buying back its tokens weekly, reducing supply. Investors are accumulating Aave, optimistic about its development. Aave rose 1.11% in 24 hours following the token buyback system implementation. 🤔
The buyback means Aave has $50M annual budget for token purchases. $1.39M worth of Aave was bought between April 9 and now. This aims to boost price growth! 📈
Market accumulation has increased, potentially leading to price increases. $13.98M in Aave changed hands last week. Investors are supplying liquidity pushing TVL to $18.029 billion. Aave’s developments are attracting liquidity. 🚀
post url: https://altcoin.observer/aave-starts-a-repurchase-of-50-mln-what-it-means-and-map-the-effect-on-the-price-2/
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