🚨 BREAKING:
A trader swapped $50M USDT for just ~$36K worth of AAVE on Ethereum.
What happened?
• The trader attempted to buy AAVE with $50M in a single transaction
• The pool didn't have enough liquidity for such a large order
• The trade caused massive price slippage during execution
• The trader received only 324 AAVE ($36K)
In short: The order was far too large for the available liquidity, causing extreme slippage and a huge loss.