Since the Launch of the AAVE Token Buyback, 50,000 Tokens Have Been Repurchased at an Average Price of $199.74

On June 20, according to data disclosed by GLC Research, it has been two months since Aave DAO launched its AAVE token buyback and fee conversion program, and the protocol has consistently executed its plan to repurchase $1 million worth of tokens each week. As of today, Aave DAO has bought back 50,000 AAVE tokens at a total cost of $10 million, with an average purchase price of $199.74. Based on the current market price of $264, this reserve is now worth approximately $13 million. It is expected that Aave DAO will continue its weekly $1 million buyback plan for the initial six months.