Kelp DAO appears to have been exploited for $293 MILLION in the last hour, making it the biggest DeFi hack of 2026.
And it's far from being the only one this month.
Over $600M stolen from DeFi in the last 2 weeks across over 10 different protocols, and AI is only making it easier for hackers.
> Kelp DAO: attacker exploited the LayerZero bridge to drain 116,500 rsETH ($293M), then used it as collateral on Aave to borrow ETH, leaving Aave with bad debt as $AAVE dumps.
> Drift Protocol: $285M d...
Market Overview
$RAVE (RAVEUSDT) has experienced a brutal correction of -80.71% in the last 24 hours, collapsing sharply from a high near $28.30 to the current level around $4.01 — this represents an extreme sell-off, signaling heavy profit-taking, panic selling, and a complete breakdown of the prior bullish structure.
Volume & Market Behavior
The drop occurred on massive volume (~320.18M RAVE traded, ~$3.83B USDT), which strongly indicates cascading forced liquidations, stop-loss triggers, ...
I kept saying it again and again… but most people only listen after the damage is done.
$RAVE wasn’t a clean rally it was a setup.
Yeah, it pushed up first, gave everyone that “it’s only going higher” feeling… and then boom straight from around $28 down to nearly $3. That’s not a dip, that’s a wipeout.
This is exactly how the market traps people.
Big green moves pull you in, emotions take over, and before you know it you’re the liquidity.
While everyone was chasing it, I told my [FREE CHATRO...
Everyone was asking the same question — how far can $BTC drop???
As I mentioned earlier, the market was showing clear indecision near resistance, and a downside move was highly likely. Now you can see it clearly — Bitcoin has started to drop exactly from that zone, confirming the weakness we discussed.
This is how the market works — first it creates confusion, then traps late buyers, and finally moves in the real direction. The rejection from the 78K area and breakdown below 76K shows sellers...