Aave Is Down 18% And Carrying $196M In Bad Debt, But Smart Money Is Buying Anyway
The Big Coin Report Take
Aave is having one of the worst weeks in its history. On April 18, attackers exploited a vulnerability in KelpDAO’s rsETH bridge and deposited the stolen tokens as collateral on Aave V3, borrowing roughly $196 million in wrapped ether against assets the protocol had no reason to reject at the time.
The Big Picture
This incident reveals a DeFi market structure where fundamental value is being reassessed. Smart money’s aggressive accumulation despite bad debt signals a belief that underlying protocol strength and future growth outweigh temporary setbacks, indicating a strong bullish outlook for established DeFi assets.
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Not financial advice. The Big Coin Report aggregates news for informational purposes only. Nothing on this site constitutes investment advice. Cryptocurrencies are highly volatile. Always do your own research and consult a qualified financial advisor before making any investment decisions. Full disclaimer →
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