$AAVE at $92.7, are you going to buy the dip?

KelpDAO has a vulnerability that caused $292 million in bad debt, nearly halting lending operations, with TVL and market cap both plummeting. The community is rushing to raise over $300 million to rescue the system while shouting "This is proof of DeFi's resilience."

First, look at the surface: a mess everywhere, everyone is afraid.

In the past 24 hours, AAVE has dropped another 1.6%, now at $92.7. Is the weekly chart still green? Don’t dream—after rebounding to $114 in mid-April, it retraced sharply, forming a "double top" at a high level. All moving averages (7-day, 14-day, 30-day) are stacked above $100, with the price firmly pressed below. The MACD death cross is still ongoing, telling the market one word: weak.

First thing: a $292 million "big hole" appeared.

KelpDAO vulnerability directly caused parts of Aave V3 markets to explode, with lending demand collapsing instantly. The bad debt of $292 million is three times Aave’s annual protocol revenue. User confidence is shattered, TVL has dropped sharply from its high, and lending activity is almost at a standstill.

Second thing: the community is raising $250k to fill the gap.

Founder Stani led the formation of the "DeFi United" alliance, with DAO proposals to inject up to 250k ETH (including Stani’s personal 5,000 ETH). Arbitrum has also frozen related ETH pending release. So far, over $300 million has been raised to stabilize the system.

Third thing: V4 is launched, and all revenue goes to token holders.

On April 13, Aave DAO passed the "Aave Will Win" proposal with 75% support—100% of revenue from all brand products (App, Swap, Horizon, etc.) now goes directly to the DAO and AAVE holders. Meanwhile, V4 has gone live on Ethereum mainnet, with a modular architecture designed specifically for institutional liquidity.

On one side, $292 million bad debt, lending halted, TVL plunging.

On the other side, the community raised $300 million to fill the gap, V4 is live, and revenue goes 100% to holders.

Key level: $90, the last bottom line for bulls and bears.

If you’re afraid to die: wait until the price stabilizes at $98 with volume, then consider chasing for a target of $110–115. If it can’t hold, don’t even look.

If you’re stubborn: try a small position around $92, add every 5% drop, with a stop-loss set at $88. Break below $88, unconditional exit—next stop $86 or even $80.

If you’re a long-term player: buy in batches now—set orders at $90, $86, and $80. V4 + revenue mechanism is the core catalyst for 2026–2027. Aave is still the leader in DeFi lending, holding over 60% market share.

AAVE now is like ETH in 2018, when people said it was "going to zero"—the knowledgeable are watching the bottom, the others are just watching the show. #加密市场小幅下跌 $AAVE