The post Whales Accumulate AAVE as Retail Flees Amid KelpDAO Exploit Fallout appeared on BitcoinEthereumNews.com. Aave (AAVE) showed signs of large-scale accumulationThe post Whales Accumulate AAVE as Retail Flees Amid KelpDAO Exploit Fallout appeared on BitcoinEthereumNews.com. Aave (AAVE) showed signs of large-scale accumulation

Whales Accumulate AAVE as Retail Flees Amid KelpDAO Exploit Fallout

2026/04/22 15:14
2분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

Aave (AAVE) showed signs of large-scale accumulation even as the protocol grappled with the aftermath of a major exploit that triggered sharp outflows and price declines.

The activity follows an April 18 exploit of KelpDAO’s rsETH bridge. That incident reportedly left Aave with roughly $196 million in bad debt.

Whale Activity Rises as AAVE Faces Fallout From KelpDAO Exploit

The KelpDAO incident has rattled market confidence across the Decentralized Finance (DeFi) sector. Data from DeFiLlama shows that Aave’s Total Value Locked dropped from $26.39 billion to $15.6 billion, marking a decline of over $10 billion.

On-chain flows show depositors rotating from Aave into rival lending protocol Spark. Spark’s TVL has climbed by over $880 million to $4.7 billion during the same window.

Follow us on X to get the latest news as it happens

Aave TVL Decline. Source: DeFiLlama

Despite the drawdown, market structure signals point to a notable shift beneath the surface. A key metric, Spot Average Order Size, which measures the average size of executed spot trades, has begun to climb.

The analyst noted that previously, every major cluster of elevated whale spot orders has coincided with a local or market bottom in AAVE. Similar patterns were observed during the 2022 bear-market lows, the mid-2023 consolidation phases, and subsequent corrections through 2024 and early 2025.

While these phases did not always mark immediate reversals, they consistently aligned with zones where “asymmetric risk/reward setups emerged.”

In addition, sentiment metrics now read at their worst levels since the 2022 bear market. Thus, social sentiment data points to peak fear.

However, the outcome remains uncertain. The trajectory of AAVE will likely depend on how the protocol addresses the estimated $196 million deficit and whether large-order activity persists in the $85–$95 range. A sustained cluster of elevated trade sizes would more closely resemble prior accumulation phases.

For now, the market reflects a divergence: retail-driven outflows amid early indications of strategic positioning by larger players.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post Whales Accumulate AAVE as Retail Flees Amid KelpDAO Exploit Fallout appeared first on BeInCrypto.

Source: https://beincrypto.com/aave-whale-accumulation-kelpdao-exploit-fallout/

시장 기회
에이브 로고
에이브 가격(AAVE)
$93.35
$93.35$93.35
+1.20%
USD
에이브 (AAVE) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

USD1 Genesis: 0 Fees + 12% APR

USD1 Genesis: 0 Fees + 12% APRUSD1 Genesis: 0 Fees + 12% APR

New users: stake for up to 600% APR. Limited time!