Aave DAO's Token Buyback Yields Significant Profit

According to PANews, Aave DAO has successfully repurchased 70,000 AAVE tokens since initiating its buyback plan on April 9. The total expenditure for this buyback amounts to $15.7 million, with an average purchase price of $223.33 per token. Currently, with the token price at $261, the value of these repurchased tokens has risen to $18.3 million, resulting in a profit of $2.6 million. The buyback process is ongoing, with approximately $1 million allocated weekly.