POPA ReconKraken in talks to buy a 15% stake in Aave at a $385M valuation
Kraken in talks to buy a 15% stake in Aave at a $385M valuation That figure is only about 30% of AAVE's fully diluted value, effectively a 70% discount to the token's current price. Aave founder Stani Kulechov wasted no time, firing back on X that "there is NO WAY we'd sell AAVE at a 70% discount lol," and calling the report's framing inaccurate. Kulechov acknowledged that Aave Labs holds a large $AAVE allocation that several market participants have discussed buying through deeper, long-term partnerships. What he's rejecting is the "buying the protocol at a fire-sale price" framing. He also…
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