Sentiment: Negative
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Aave (AAVE) Price: $15 Billion Exits Protocol After KelpDAO Hack Freezes Markets
By Trader Edge at 2026-05-08 17:50
Sentiment: Negative
TLDR A $292–$293 million exploit of Kelp DAO’s rsETH bridge triggered a bank-run on Aave, draining over $15 billion from the protocol. Aave’s major lending markets hit 100% utilization, locking roughly $5 billion in USDT and USDC with no way to withdraw. Total value locked fell from $48.5 billion to around $30.7 billion — a [...] The post Aave (AAVE) Price: $15 Billion Exits Protocol After KelpDAO Hack Freezes Markets appeared first on CoinCentral. Continue reading...
Categories: Analysis
Tags: #Analysis
Source Coin Central