Aave's TVL tanks $8B a day after $293M Kelp DAO hack
Burns Brief
The Aave token fell nearly 20% to $89 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $AAVE $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol.
Key Takeaways
- 5 in just over 24 hours as users withdrew billions of dollars from the lending protocol