KelpDAO Vulnerability Triggers AAVE Sell-Off, Daily Drop Exceeds 18%

BroadChain has learned that at 14:16 on April 19, according to PANews, due to the impact of the KelpDAO vulnerability, Aave experienced bad debt, triggering concentrated selling by whales, with the price of AAVE dropping over 18% in a single day. On-chain data shows that smaugvision sold 20,015 AAVE at an average price of $103, exchanging for 2.06 million USDC; address 0xFC56 sold 20,000 AAVE at an average price of $103, exchanging for 2.05 million USDC; address 0xA2E4 sold 19,666 AAVE (worth $1.95 million) at an average price of $99, exchanging for 505.65 ETH (worth $1.18 million) and 10.11 WBTC (worth $765,000).