Aave Addresses Rumors of WLFI Token Allocation and Market Volatility

The cryptocurrency lending platform Aave has refuted rumors circulating about a 7% allocation of the WLFI token, denying claims that it will receive such an amount. This denial comes amidst market volatility triggered by speculation surrounding the token’s potential distribution. Key figures in the DeFi ecosystem, including Aave founder Stani Kulechov, added fuel to the fire with cryptic social media posts, leading to immediate price fluctuations for both AAVE and WLFI tokens.