Whales Accumulate AAVE as Retail Flees Amid KelpDAO Exploit Fallout

Aave (AAVE) showed signs of large-scale accumulation even as the protocol grappled with the aftermath of a major exploit that triggered sharp outflows and price declines. The activity follows an April 18 exploit of KelpDAO’s rsETH bridge. That incident reportedly left Aave with roughly $196 million in bad debt. Whale Activity Rises as AAVE Faces