Yes, it does sound crazy at first — but I do understand the logic behind folding AA preflop in very specific situations.
Personally, I’ve never folded AA preflop — but I know that in extreme ICM spots, especially in satellites where everyone gets the same prize (like a ticket or seat), it can actually be correct to fold even pocket aces. For example, if there are more players than seats left to bust, and you have a guaranteed spot if you fold every hand, then going all-in — even with AA — could risk everything unnecessarily. The goal isn’t to win chips, it’s to outlast others.
It’s super rare, and it goes against every instinct as a poker player, but in some satellite or bubble spots, folding AA can be the most profitable (or safest) play.
So while I haven’t done it (yet), I can definitely respect the discipline it takes to make that fold when the situation truly demands it.