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

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ME News: On 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" (refugee trade) in the market.
Spark token SPK surged from $0.029 to $0.058 in 48 hours, an increase of over 100%.
Meanwhile, whale transactions (>$100k) surged from a baseline of about 30 per day to 183 today.
In contrast, the price of AAVE token 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 destruction, but rather brought about a redistribution of funds — one protocol's liquidity crisis became another protocol's bull market.
Note: "Refugee trade" is a metaphorical term in the crypto/DeFi space, referring specifically to the phenomenon where funds flee en masse from a damaged or high-risk protocol to another relatively safer, lower-risk protocol. (Source: ChainCatcher)
SPK-2.61%
AAVE-1.93%
BTC-0.61%
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