💥 JUST IN:
$AAVE drops -20% after a $292M Kelp DAO rsETH exploit triggers a DeFi liquidity crunch.
Aave’s ETH pool just hit 100% utilization meaning there’s virtually no ETH available to withdraw right now
This doesn’t necessarily mean funds are gone, but liquidity is completely locked as borrowers max out available supply.
High stress. High rates. Liquidations incoming.
All eyes on whether utilization drops or contagion spreads.
#AAVE #DeFi #CryptoNews #Ethereum #cryptocrash
AAVE
93.15
+1.16%