Aave
Why Aave is down 10.4% today
Analysis
Aave (AAVE) fell about 10.4% over the past 24 hours as market sentiment weakened following reports that a KelpDAO exploit was spreading and triggering broader risk-off selling tied to AAVE. AMBCrypto reported AAVE sliding amid the exploit-related fallout, while CryptoPotato highlighted whale selling pressure after the reported $294M KelpDAO hack, which likely intensified the drawdown.
Contributing Factors (2)
AAVE price sinks 18% as KelpDAO exploit spreads – What happened?
Aave freezes rsETH as bad debt hits $290 million.
Whales Are Bailing: Why AAVE Just Crashed 22% After the $294M KelpDAO Hack
Here's what happened after the largest security incident of 2026 to one of the used protocols.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.