Aave: Withdraws $4M WETH Before Freeze | Flash News Detail | Blockchain.News
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4/24/2026 1:18:00 PM

Aave: Withdraws $4M WETH Before Freeze

Aave: Withdraws $4M WETH Before Freeze

Aave pulled $4M in WETH just 1 minute before market freeze, joining Justin Sun and others in timely exits amid KelpDAO exploit risks, impacting ETH price prediction.

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On-chain data from PeckShieldAlert reveals proactive exits by major players before a market freeze tied to the KelpDAO exploit. Justin Sun (@justinsuntron), Yearn.fi (@yearnfi), Abraxas Capital Mgmt, Flying Tulip (@flyingtulip_), Galaxy HQ (@galaxyhq), and Aave (@aave) all withdrew positions strategically—Aave extracted $4M in WETH a mere 1 minute before the WETH Core market froze, while the others cleared out ahead of the pause. This underscores mission-critical risk management in protocol security, especially as crypto market crash fears linger from recent exploits, blending with broader trends like Bitcoin (BTC) volatility.

Zooming into the 4-hour ETH chart, price action clings to $2308.45 amid a bearish trend where the EMA50 at $2326.92 acts as immediate overhead resistance, pressuring any upside attempts while the EMA200 down at $2231.28 provides a deeper support floor that bulls must defend to avoid sharper drops. MACD sits bearish at -5.36 post-death cross, signaling weakening momentum, yet RSI at 43.58 hovers neutral, hinting at potential consolidation before a break. With ETH trading inside Bollinger Bands—upper resistance at $2410.72 capping rallies and lower support at $2272.78 offering a volatility exhaustion target—a confluence here points to probable retracement toward the EMA200 if sellers dominate, aligning with exploit-driven caution and influencing ETH price prediction in this choppy crypto landscape.


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