Following the $292 million KelpDAO exploit in April 2026, the decentralized finance (DeFi) sector has faced significant setbacks, with Aave's total value locked (TVL) plunging 44% from $26.6 billion to about $14.8 billion. This decline reflects a broader loss of confidence, as 31 of the top 50 DeFi protocols experienced TVL losses over the past month. Lido remains the largest DeFi protocol despite a 13.36% drop, holding $19.3 billion in TVL. The incident highlights the fragility of DeFi platforms and may prompt increased caution among investors moving forward.
Multicoin Capital transferred all 286,057 of its AAVE tokens, worth about $26.7 million, to Coinbase Prime, signaling a likely exit from the position. The fund originally bought 338,005 AAVE tokens at an average price of $218 each in late 2025, but t...
AAVE's price slipped toward a crucial support level after Multicoin Capital moved 150,000 tokens amid over $40 million in unrealized losses, raising concerns about institutional selling. Despite repeated attempts to stabilize near $87.60, AAVE remain...
Multicoin Capital bought 338,005 AAVE tokens at an average price of $218 each through Galaxy Digital's OTC desk, investing about $73.7 million. AAVE's price has since dropped roughly 55% to around $97, leaving Multicoin with an unrealized loss exceed...
Cryptocurrency markets display mixed price changes, with Bitcoin trading slightly down at around $79,726 and Ethereum also dipping near $2,260. Some altcoins like Dogecoin and QNT show significant gains, rising over 3% and 7% respectively, while othe...
A New York federal judge postponed ruling on Aave's request to release $71 million in frozen Ethereum tied to the Kelp DAO exploit, citing insufficient explanation on potential user losses. The court ordered both Aave and Gerstein Harrow LLP to submi...
