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Aave founder denies $71M Kraken deal claims and 70% token discount report.

Market News
25 Jun 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Aave founder Stani Kulechov denied reports that Kraken was buying a 15% stake in Aave Group for $71 million at a 70% discount. He clarified that no AAVE tokens are being sold at such a steep discount and that revenues from the protocol go to the Aave DAO, not Aave Labs. While discussions about Aave Labs' AAVE holdings and partnerships continue, the reported valuation conflicts with Aave's strong $134 million annual revenue. Investors should watch for the upcoming Aavenomics 3.0 update, which includes an automated buyback mechanism, and any governance implications if Aave Labs formalizes deals with Kraken.

More News (AAVE)

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