
defioasis.eth|Apr 23, 2026 11:29
Since the KelpDAO rsETH incident on April 18, Aave has seen a net outflow of over $10 billion, though the outflow rate has gradually slowed down.
Checked and found that more than 20 addresses have redeemed over $100 million from Aave since the 18th.
HTX and MEXC are among the largest holders of positions on Aave. Everyone knows how fast Sun bro withdraws funds, but what you might not know is that MEXC is still struggling to redeem funds to this day. Three of its addresses have cumulatively withdrawn over $500 million, and there’s still over $95 million USDT waiting for liquidity replenishment to be slowly pulled out.
Spark PSM is the largest known entity among single withdrawal addresses, redeeming over $310 million from Aave and then depositing it back into Sparklend.
Other notable protocols or institutions that have made large redemptions from Aave include Mellow Finance, Ethena, Abraxas Capital Mgmt (Heka Funds), Grove Finance, and Metalpha.
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