💥 Aave suffers liquidity stress after withdrawal of US$ 570M linked to Justin Sun!
A single wallet connected to HTX (linked to Justin Sun) withdrew US$ 570 million in USDT from the Aave pool — in just 3 hours. This reduced the available liquidity to less than US$ 100M and caused an insane increase in interest rates:
🔺 Deposit: 3.8% ➜ 29%
🔺 Loan: 4.4% ➜ 33.6%
Marc Zeller (Aavechan) tried to calm the nerves:
🗣️ "It's just Justin Sun causing trouble again. It will normalize soon."
📉 The AAVE token fell over 4% on the day, even after a strong month of +60%.
🔒 Still, the protocol maintains $41B TVL, with $16.5B in active loans.
The question remains:
👉 Would you trust your liquidity in a protocol so dependent on whales?
