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Aave freezes markets after Binance wallet hack, causing token price drop and market uncertainty.

31 Oct 2026, 02:00 WIB
AMBCrypto
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Bearish
Aave freezes markets after Binance wallet hack, causing token price drop and market uncertainty.

Aave froze its v3 and v4 markets after a Binance Ethereum hot wallet sent large amounts of ETH and ERC-20 tokens to an exploiter address, halting new supply and borrow positions to contain damage. This incident triggered a bearish reaction across the crypto market, with Aave's token dropping 5.67% and Bitcoin and Ethereum also falling. The market saw over $1.5 billion in liquidations, mostly long positions. Technical analysis shows Aave's price has breached key support levels, making long-term bullish trends uncertain. Traders are advised to wait for clearer signs of demand before entering positions due to ongoing market volatility and risk.

AAVE trades at Rp2.333.959 with a 1-day gain of 6.83% on Pluang as of Oct 31, 2026 06:21 WIB, showing resilience despite recent market shocks. Meanwhile, Bitcoin and Ethereum are down 2.73% and 1.75% respectively, with prices at Rp1.398.421.332 and Rp40.583.860. Binance Coin also dipped slightly by 1.02%, trading at Rp12.707.889, reflecting mixed investor sentiment across major cryptos on Pluang.

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