The price of the Aave token fell over 8% on Saturday due to rumors about a potential token allocation from World Liberty Financial (WLFI), a DeFi platform connected to Donald Trump's family. The Aave DAO had allegedly been slated to receive 7% of WLFI's total token supply and 20% of protocol revenues from its integration with Aave v3. However, blockchain reporter Colin Wu disputed these claims, labeling them as false and misleading. Following the announcement, Aave's token price dropped from approximately $385 to a low of $339 before slightly recovering to around $352. This wave of speculation comes amid a broader resurgence in DeFi interest, coinciding with a total value locked (TVL) in DeFi protocols that has surpassed $167 billion, nearing its all-time high of over $212 billion. The rise in DeFi TVL follows the pro-crypto sentiments seen after the 2024 US elections, indicating potential regulatory support for cryptocurrencies.

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