The DeFi faces an attack by the Mango Market exploiter, Avraham Eisenberg.
More and more holders are jumping ship to join the Flasko presale.
The price plummets by more than 30% in the last week.
The assault that recently occurred with AAVE sent the holders into an inevitable panic and the platform into deep debt. The finance protocol suffers from $1.6 million in debt due to a liquidated $87 million short bet on CRV. Llama and Gauntlet proposed to cover the amount in Bad debt as the amount is small enough to be covered by the insolvency fund and the AAVE treasury. This squeeze was amplified by the fact that holders are way more excited about the Flasko (FLSK) presale than they are sad about the attack.
The Monoscopic POV
Source: Tradingview
The price is forming a falling wedge pattern with a target range of $50. The volume was hiked on the day of the hack, dropped by many folds, and still diminishes. It may witness a further drop in the price as the breakdown approaches and sell
We współpracy z: https://www.thecoinrepublic.com/2022/11/25/will-there-be-a-squeeze-in-aave-just-heard-something-about-it/
