AAVE hit by Panic Selling after a Exploit Shock
This is the kind of spike that usually signals real fear.
Aave saw 236,000 AAVE (~$21M) flow into Binance in a short burst, which is over 7.5x higher than the ~31K monthly average. The timing lines up with the rsETH exploit, and the reaction was immediate.
☑️ 236K AAVE rushed to exchanges in a single move
☑️ Around $21M in potential sell pressure
☑️ Flow is 7.5x above normal monthly levels
☑️ Triggered by fallout from the rsETH exploit
When tokens move to exchanges this aggressively, it usually means one thing: holders are preparing to sell or reduce exposure.
What stands out is the speed. This was not gradual. It was a sharp reaction, which often comes from uncertainty rather than strategy.
Short term, this kind of pressure can weigh on price. Longer term, it comes down to how quickly confidence returns.
Take note: NFA.