Whales Circle AAVE Amid Chaos: Is This Another Market Bottom Signal?
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News AAVE is undergoing one of its most volatile periods in recent history following the April 18 exploit of KelpDAO’s rsETH bridge. Attackers used the stolen assets as collateral on Aave V3, borrowing approximately $196 million in wrapped ETH and leaving the protocol with bad debt. In the immediate aftermath, Aave recorded a sharp contraction in deposits, as roughly $8.45 billion exited the platform within 48 hours. The AAVE token has since plunged by 17%, currently trading around the $92 level. Despite these developments, CryptoQuant flagged a major trend emerging from on-chain and market data. The analytics firm
Source: https://cryptopotato.com/whales-circle-aave-amid-chaos-is-this-another-market-bottom-signal/
