🚨 AAVE suddenly experiences a sell-off, plunging 15%! A hacking incident triggers whales to collectively flee

The DeFi market shows obvious volatility today, with AAVE price dropping about 15% in a single day, and the trigger is related to a security incident.

According to on-chain information, a hacker collateralized illegally minted rsETH on the Aave platform and borrowed a large amount of ETH, raising concerns about the protocol's security.

📊 Panic quickly spreads, and large holders begin to sell off AAVE:

On-chain data shows multiple whale addresses selling large amounts of tokens in a short period:

Polymarket user “smaugvision” address
Sold 20,015 AAVE (about $2.06 million), transaction price $102.9
Address 0xFC5
Sold 20,000 AAVE (about $2.05 million), transaction price $102.8
Address 0xA2E
Sold 19,665 AAVE (about $1.95 million), transaction price $99.2

Multiple million-dollar-level sell-offs in a short time further intensify the downward pressure on the market.

🔎 Market logic

When a DeFi protocol experiences a security-related incident, the market usually goes through three stages:

1️⃣ Risk news spreads
2️⃣ Large funds exit early
3️⃣ Price fluctuates rapidly to release risk

Therefore, short-term price movements are often not just emotional but a rapid reaction of capital to risk.

🌱 A word for investors

In the crypto market,
Rising depends on confidence, falling depends on speed.

Truly mature investors are not just those who see opportunities,
but those who remain calm when risk arrives. 🚀📊