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AAVE token jumps 8% on governance proposal and bullish technical signals targeting $200.

Protocol Fundamentals
03 Oct 2026
Blockonomi
View Source
Bullish
AAVE token jumps 8% on governance proposal and bullish technical signals targeting $200.

The AAVE token surged 8% to an intraday high of $187.50 following a new governance proposal to create a Cayman Islands foundation to manage Aave's intellectual property, while token holders retain full governance control. Technical indicators like the MACD and ADX suggest strong bullish momentum with a price target around $200. Founder Stani Kulechov also revealed plans to possibly implement a token burn mechanism in the upcoming Aavenomics 3.0 update, aiming to strengthen the protocol's economics. This rally marks a significant recovery from lows near $60 earlier in the year, with optimistic price targets extending beyond $200 in the coming market cycle.

Despite the recent rally in AAVE token price to $187, on Pluang it trades at Rp3.221.223 with a 1-day decline of 2.09% as of Oct 03, 2026 15:01 WIB. The token shows strong buying interest with 93% of orders on Pluang being buys. AAVE's market capitalization on Pluang stands at Rp49,73 trillion, reflecting significant investor engagement on the platform.

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