On Saturday, the Aave token's value plummeted by over 8% due to speculation about a new token allocation from World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump's family. Blockchain journalist Colin Wu reported that WLFI denied claims that Aave would receive 7% of its total token supply, labeling it as misinformation. This controversy stemmed from a WLFI proposal from October 2024, which suggested that the Aave DAO would get 7% of WLFI's governance tokens and 20% of the revenue from WLFI's deployment on Aave v3. Aave's founder, Stani Kulechov, referred to the proposal as 'the art of the deal' and confirmed its terms were still applicable. Following the rumors, Aave's price dropped from approximately $385 to a low of $339 before recovering to around $352. The situation unfolds amidst a resurgence of interest in DeFi, with total value locked in DeFi protocols exceeding $167 billion, nearing the all-time high of $212 billion from December 2021. Read more AI-generated news on: https://app.chaingpt.org/news