In recent days, the performance of AAVE has been a bit weak, with prices continuously pulling back. The logic behind this is actually quite worth pondering. Large Investors are intensively dumping at this point in time, and the core reason points to internal power disputes within the DAO— the Labs team directly transferred 10 million in profits without obtaining community Consensus, claiming this was their deserved reward. However, from the community's perspective, this money is essentially a collective asset accumulated by the ecosystem.

The conflict has further escalated, with TAO attempting to reclaim brand-related resources of AAVE, including core digital assets such as domain names and social media accounts. It appears to be an internal power struggle, but it actually exposes a difficult issue that cannot be circumvented in the DeFi ecosystem: when a project shouts the slogan of "decentralization," the actual control of the brand is still held by a specific team.

The impact of this matter is broader than it appears on the surface. The selling off by large investors indicates doubts about the stability of DAO governance in the market. A deeper anxiety lies in the fact that similar power struggles are almost inevitable in future DeFi projects. The brand resources controlled by Labs are indeed key assets for the project, but since a decentralized governance framework has been chosen, why has the control over these strategic resources been undermined? This paradox is becoming a systemic challenge faced by the entire DAO model.

In terms of market conditions, after a series of slight increases, it has entered a consolidation phase, which basically meets expectations. However, there is an interesting phenomenon: in such a poor liquidity market environment, there has surprisingly been no extreme plunge, which somewhat indicates that there are large investors secretly accumulating positions to stabilize the situation. In the short term, the possibility of a sharp decline exists, but it may not happen immediately. If AAVE really experiences a significant drop, it could instead become an entry opportunity for some.