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Seeing AAVE's proposal being initiated after an inexplicable big dump, with large investors continuously dumping, it seems that there are rumors circulating about this proposal being frontrun and viewed as an act handed over to the community. Isn't there a preference for Decentralization?
In traditional stock markets, large investors are subject to a series of legal requirements and responsibilities. To take the most intuitive example, when cashing out in the secondary market, large investors have strict lock-up periods and reduction limits. Rights and obligations are matched.
The biggest problem for token holders is that they only want to enjoy the benefits of rising prices without shouldering the responsibilities of holding, making them all free riders. This corresponds to the issues inherent in the tokens themselves. The problem with tokens is that governance is a false proposition, and inflationary tokens lacking value capture only provide speculative attributes.
Holders themselves only have the right to exit, and the large "coin holders" can quietly cash out through various means such as OTC and derivative hedging, but most holders do not contribute to the growth of the protocol. After all, the dividends do not go to the holders, so why should they build it?