Aave DAO buyback strategy nets $2.6 million in unrealized profits

Aave DAO has repurchased 70,000 AAVE tokens, or 0.5% of its total supply, in less than six months of its token buyback initiative. In an Aug. 4 post on X, DeFi analysis platform Token Logic stated that the platform acquired these tokens for $15.7 million at an average purchase price of $223.33 per token. The The post Aave DAO buyback strategy nets $2.6 million in unrealized profits appeared first on CryptoSlate.