$AAVE Bounces ~7% as Aave Reopens Markets After the Binance Hack
• AAVE is near $129, +6.7% in 24h but -12.7% on the week.
• Aave paused new deposits and borrowing as a precaution after the hack, then reopened on Friday afternoon.
• Nine assets stay at zero LTV, so they can't back new loans, wherever they're listed. LlamaRisk had proposed cap cuts before the reopening.
Verdict: Neutral
Good risk management, but the weekly hole is deep. Expect a range between $125.5 and $134 near term.
Not financial advice. DYOR.
$AAVE
• AAVE is near $129, +6.7% in 24h but -12.7% on the week.
• Aave paused new deposits and borrowing as a precaution after the hack, then reopened on Friday afternoon.
• Nine assets stay at zero LTV, so they can't back new loans, wherever they're listed. LlamaRisk had proposed cap cuts before the reopening.
Verdict: Neutral
Good risk management, but the weekly hole is deep. Expect a range between $125.5 and $134 near term.
Not financial advice. DYOR.
$AAVE
