Is AAVE at $95 a bottom-buy opportunity?

Just been stabbed by a hacker, TVL instantly evaporated by 14%, $177 million in bad debt hanging like a ticking time bomb. But on the other side, the DeFi alliance poured in 300 million to rescue, DAO just passed a historic proposal to turn AAVE into a “cash flow token,” V4 roadmap is still moving forward—

First look at the surface: blood flowing in rivers, everyone shouting to run.

In the past 24 hours, AAVE’s price rose from $96.30 to $97.89, up 1.65%. But the candlestick chart shows it just crawled out of the $90 pit, now stuck at the $100 door like a dog with its tail stepped on. All daily moving averages are pressing down, MACD hasn’t crossed bullish yet, technically speaking: it’s not stable, could drop again at any time.

First thing: hacker stabbed, but someone is backing.

In mid-April, KelpDAO’s rsETH bridge vulnerability directly caused over $1 billion in bad debt. AAVE’s TVL instantly dropped 14% from its high. Other projects would have collapsed already. But DeFi United alliance, led by AAVE, with Lido, Ether.fi, LayerZero all involved. LayerZero donated 10k ETH, Sun哥 also chipped in 20 million USDT, total rescue funds now reach 302 million. AAVE isn’t fighting alone; the entire DeFi community is protecting it.

Second thing: DAO passed a historic proposal.

AIP-469, with 75% support, AAVE