AAVE Slides More Than 18% as Whales Offload Millions After KelpDAO Flaw Triggers Aave Bad Debt
ME News said April 19 (UTC+8) that Lookonchain data shows AAVE fell more than 18% on the day after a KelpDAO vulnerability resulted in bad debt on Aave, prompting heavy selling by multiple whales. Wallet smaugvision sold 20,015 AAVE at an average of $103, receiving 2.06 million USDC. Whale 0xFC56 sold 20,000 AAVE at an average of $103, receiving 2.05 million USDC. Whale 0xA2E4 sold 19,666 AAVE at an average of $99, receiving 505.65 ETH (worth $1.18 million) and 10.11 WBTC (worth $765,000). (Source: PANews)