AAVE-related whale transactions surged dramatically following the disclosure of a vulnerability in the Kelp protocol. According to Santiment data, transactions exceeding $100,000 jumped from 2–6 per hour to 43 within just 90 minutes of the announcement. This spike in activity was accompanied by a significant increase in exchange inflows, which rose from approximately $38,000 to $3 million, peaking at $8.5 million on Saturday afternoon.
The vulnerability was disclosed at 17:35 UTC, triggering a swift response in on-chain activity. Additionally, the sentiment balance index for AAVE dropped sharply to -15, marking a tenfold decrease from the monthly low, indicating a negative market sentiment following the news.
AAVE Whale Transactions Spike Following Kelp Vulnerability Disclosure
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