2 hours ago
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Key takeaways:
- AAVE fell from $118 to $90 in 48 hours.
- $196M bad debt created via KelpDAO rsETH bridge exploit.
- ETH pool utilization hit 100%, withdrawals effectively frozen.
- TVL collapsed more than $8B in two days.
- Three whale wallets sold 60,000 AAVE worth $6M within hours.
- Exchange reserves hit multi-month high at 181.2K AAVE.
- RSI signal crossover on April 20.
- Aave Labs confirms rsETH on Ethereum mainnet remains fully backed.
AAVE was trading near $107 on April 16, briefly rallied to $118 on April 17, and then lost nearly a quarter of its value in the two days that followed. The price chart marks the moment precisely. The on-chain data explains why it didn’t stop.
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