AAVE fluctuates 20.6% in 24 hours (from a high of $107.26 to the current $89.88): KelpDAO rsETH vulnerability causes bad debt and whale sell-off
Bitget Pulse2026/04/19 22:02Volatility Overview
In the past 24 hours, AAVE's price surged to a high of $107.26 before plummeting sharply to a low of $88.92. It is currently trading at $89.88, with a 20.6% price swing and an overall decline of approximately 16%. The 24-hour trading volume surged to around $980 million, up 211.30% from the previous day, indicating highly panic-driven trading. Meanwhile, protocol TVL dropped significantly by 21.6% to about $20.7 billion, and on-chain lending activity was notably impacted.
Brief Analysis of Abnormal Fluctuations
- KelpDAO rsETH exploit event: Around 14 hours ago, the KelpDAO rsETH exploit resulted in bad debt, causing the utilization rate of the Aave ETH pool to soar to 100% and prompting a rapid liquidity exodus. This directly led to AAVE crashing by over 18% from above $110 to around $91.
- Whale sell-off on-chain: In the past 24 hours, several large whale addresses dumped significant amounts, combined with liquidations exceeding $50 million, further amplifying price volatility.
The 21.6% daily TVL drop further confirms the liquidity outflow.
Market View and Outlook
The overall market sentiment has shifted to fear, with community discussions focused on the risks of bad debt and a TVL collapse; short-term outlook is mainly bearish. Analysts warn that the liquidity crisis may continue to exert pressure, but some believe if the protocol can recover quickly, AAVE could rebound to test the $100 support, though the risk of further liquidation should be noted.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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