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Santiment: After the Kelp incident, "refugee trading" emerged, SPK token surged 100% in 48 hours

MeNews
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ME News, April 24 (UTC+8), on-chain analytics platform Santiment tweeted that six days after the Kelp incident, there are clear signs of a "refugee trade" in the market. The Spark token SPK surged from $0.029 to $0.058 in 48 hours, an increase of over 100%. At the same time, whale transactions (>$100k) surged from a baseline average of about 30 per day to 183 today. In contrast, the AAVE token price continues to decline, currently hovering around $92, even though Bitcoin broke through $79k earlier this week. Santiment pointed out that this incident did not simply cause disruption but led to a redistribution of funds—a liquidity crisis in one protocol turned into a bull market for another. Note: "Refugee trade" is a metaphorical term in the crypto/DeFi space, specifically referring to a phenomenon where funds flee en masse from a damaged or high-risk protocol to a relatively safer, lower-risk protocol. (Source: ChainCatcher)
SPK-1.10%
AAVE-0.94%
BTC-0.28%
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