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Aave Climbs Above $170 to Highest Level Since Jan. 19
AAVE gained about 15% in 24 hours after rising 11% from 8 p.m. ET Sept. 28 to $166.55.
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Aave (AAVE) climbed above $170 on Sept. 29, reaching its highest level since Jan. 19 as the token extended a sharp daily advance.
AAVE gained about 15% over 24 hours. It rose 11% from 8 p.m. ET Sept. 28 to $166.55.
The move came as Aave founder Stani Kulechov said the project was considering adding a token-burn mechanism to Aavenomics 3.0. The proposal would involve permanently removing tokens from circulation.
AAVE is the native token of Aave, a decentralized lending protocol. The token previously led a rebound among decentralized-finance assets as Bitcoin advanced.
