📰 [Whale] Aave Fluctuations: Whales Are Exiting En Masse, $8 Billion TVL Disappears After Incident



• Due to the $293 million hack of Kelp DAO, Aave’s TVL plummeted by $8 billion in one day.

• As whales and large users simultaneously withdraw assets from the lending protocol, the AAVE token price dropped nearly 20%.

• On-chain analysis reveals risk correlations in DeFi and highlights the importance of monitoring smart fund flows.
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