According to BlockBeats, WLFI’s Dylan_0 denied Aave’s alleged 7% token share, prompting a sharp AAVE price drop and raising investor caution amid ongoing credibility concerns.
On August 23, suspected WLFI Wallet member Dylan_0 denied rumors that Aave was to receive 7% of WLFI tokens. The denial led to AAVE’s price falling from $385.99 to $365, a drop of over 5%. Crypto commentator @Luyaoyuan1 criticized WLFI for altering terms and compared the situation to previous defaults, suggesting Aave has been misled repeatedly. BlockBeats clarified that Dylan_0’s identity has not been independently verified and urged investors to exercise caution.