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

KelpDAO has a vulnerability that caused $292 million in bad debt, nearly halting lending activities, with TVL and market cap both plummeting. The community is rushing to raise over $300 million to rescue the system while shouting "This proves 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 now pressing above $100, with the price firmly pushed down below. The MACD death cross is still ongoing, telling you one word: weak.
First thing: a "$292 million big hole" appeared.
KelpDAO vulnerability directly caused part of Aave V3’s market 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 money to fill the gap, $250k.
Founder Stani led the formation of the "DeFi United" alliance, with a DAO proposal to inject up to 250k ETH (including Stani’s personal 5,000 ETH), and Arbitrum has frozen related ETH pending release. So far, over $300 million has been raised to stabilize the system.
Third thing: V4 is launched, and all income goes to token holders.
On April 13, Aave DAO passed the "Aave Will Win" proposal with 75% support—100% of the revenue from all brand products (App, Swap, Horizon, etc.) will go directly to the DAO and AAVE holders. Meanwhile, V4 has already gone live on the Ethereum mainnet, with a modular architecture designed specifically for institutional liquidity.
On one side, $292 million in bad debt, lending halted, TVL plummeting.
On the other side, the community raised $300 million to fill the gap, V4 is operational, and income fully benefits token 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, adding every 5% drop, with a stop-loss set at $88. If it breaks below $88, unconditional exit—next support at $86 or even $80.
If you’re a long-term player: buy in batches now, with orders at $90, $86, and $80. V4 plus the income mechanism are the core catalysts for 2026–2027. Aave remains the leader in DeFi lending, holding over 60% market share.