Aave just lived through one of crypto rougher weekends. The coin is trading near $93, down roughly 8% over the past seven days, as the fallout from a $290 million exploit continues to shake confidence.
On April 18, a hacker exploited a vulnerability in Kelp’s LayerZero bridge to forge a cross-chain message, minting 116,500 rsETH tokens worth over $290 million without backing assets. The attacker deposited most of that as collateral on Aave, then borrowed approximately $190 million in WETH across Ethereum and Arbitrum.
Aave’s risk team responded fast, freezing rsETH across all markets, then locking WETH itself on April 20 across Core, Prime, Arbitrum, Base, Mantle, and Linea to contain cascading risk. As of yesterday, Aave announced that WETH supply on Ethereum Core V3 has reopened, though WETH’s loan-to-value ratio remains at zero. The other markets stay frozen for now.
Update on rsETH incident:
WETH reserves on the Ethereum Core V3 market have been unfrozen and users can supply WETH to Ethereum Core V3 again. WETH LTV remains at 0.
WETH reserves on Ethereum Prime, Arbitrum, Base, Mantle, and Linea remain frozen.
Aave service providers will…
— Aave (@aave) April 21, 2026
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Can Aave Price Recover After the Crypto Exploit?
AAVE is currently consolidating between $92 and $94, having shed more than 7% over the past week following the exploit news and subsequent market reaction. The 24-hour range stretches from $90 to $93, which maps out the immediate battlefield. $86–$87 is now acting as soft support, while $95–$96 represents near-term resistance.
Trading volume offers a cautiously optimistic signal. The 24-hour volume is still north of $350 million, an activity that could indicate accumulation, though it could just as easily reflect panic exits. The data isn’t conclusive either way, for now.
However, if WETH markets fully reopen across all chains, with sentiment stabilizing, AAVE could reclaim $100–$112 in a flash. Prior to the exploit, a 30% surge had pushed prices toward that range.
Aave’s all-time high of $661 feels distant right now. At $93, the token sits 86% below that peak. Structural DeFi dominance aside, recovery to pre-exploit levels requires clean protocol health. Ethereum’s own trajectory will also play a role, since Aave’s lending activity is tightly coupled to ETH market dynamics.
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Maxi Doge Is Early
AAVE holders sitting on a 20%-plus weekly loss face a familiar dilemma: wait for a slow, uncertain recovery in a protocol that just took a $290 million hit, or look for faster-moving opportunities elsewhere. It’s just the math some traders are running right now.
One presale drawing attention in that context is Maxi Doge ($MAXI), a meme token built on Ethereum that leans hard into high-conviction trading culture, with actual utility built underneath. The tagline is “Never skip leg-day, never skip a pump,” which is either hilarious or deeply on-brand depending on your tolerance for meme coins.
Bitcoin's coming back.
YOU KNOW WHAT THAT MEANS BABY pic.twitter.com/o4cB31M9S1
— MaxiDoge (@MaxiDoge_) April 14, 2026
The project features holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and 60% staking APY for early participants. At a current presale price of just $0.00028, the project has already raised $4.7 million. It’s a meaningful traction for an early-stage raise. The presale is approaching its $5M milestone, which historically marks a stage transition and price step-up.
Research Maxi Doge thoroughly before the presale closes and don’t get left behind.
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