Aave's Token Surges 8% on Foundation Proposal

Aave's AAVE token surged 8% on Friday to an intraday high of $187.50, before settling near $182.

The move came after Aave Labs proposed a Cayman Islands foundation to hold protocol trademarks, domains, and code intellectual property.

Tokenholders would retain full governance control over the DAO, while the foundation would have no vote or veto power.

Crypto analyst Crypto Patel pointed out that AAVE is up 223% from its $57-$67 accumulation zone, with potential targets for the 2026-2027 cycle at $208, $355, and $1,000.