Aave (AAVE) Price: Token Jumps 8% as DAO Moves to Take Control of Protocol IP

AAVE rose 8%, briefly touching $187.50 before settling near $182. Aave Labs proposed a Cayman Islands foundation to hold protocol trademarks, domains, and code IP. AAVE tokenholders would keep full governance control; the foundation gets no vote or veto. Daily MACD and 4-hour ADX readings show strong bullish momentum toward $200.