Aave's AAVE drops 10% to $160 as DAO proposal moves to Snapshot on December 22, 2025

On December 16, 2025, Aave contributor @ernesto introduced a DAO ownership proposal for community discussion. On December 22, 2025, founder Stani Kulechov said it was advanced to Snapshot, and AAVE fell over 10% to $160 during early Monday trading, while some delegates and previously idle validators reportedly gained influence in the vote.