On June 20, according to data disclosed by the data platform, it has been two months since the Aave DAO launched the AAVE Token repurchase and fee conversion, and the protocol has consistently executed its plan to repurchase 1 million dollars weekly. As of today, the Aave DAO has repurchased 50,000 AAVE at a total cost of 10 million dollars, with an average purchase price of 199.74 dollars. Based on the current market price of 264 dollars, this fund reserve is now valued at approximately 13 million dollars.
It is expected that Aave DAO will continue its weekly buyback plan of 1 million dollars in the first 6 months.
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Aave DAO has steadily repurchased 50,000 AAVE over the past two months, achieving a 30% profit.
On June 20, according to data disclosed by the data platform, it has been two months since the Aave DAO launched the AAVE Token repurchase and fee conversion, and the protocol has consistently executed its plan to repurchase 1 million dollars weekly. As of today, the Aave DAO has repurchased 50,000 AAVE at a total cost of 10 million dollars, with an average purchase price of 199.74 dollars. Based on the current market price of 264 dollars, this fund reserve is now valued at approximately 13 million dollars.
It is expected that Aave DAO will continue its weekly buyback plan of 1 million dollars in the first 6 months.