Whales Circle AAVE Amid Chaos: Is This Another Market Bottom Signal?

AAVE is undergoing one of its most volatile periods in recent history following the April 18 exploit of KelpDAO’s rsETH bridge. Attackers used the stolen assets as collateral on Aave V3, borrowing approximately $196 million in wrapped ETH and leaving the protocol with bad debt. In the immediate aftermath, Aave recorded a sharp contraction in deposits, as roughly $8.45 billion exited the platform within 48 hours…