Justin Sun’s Exchanges Withdraw $1 Billion from AAVE: Impact on Liquidity & DeFi Stability

A significant withdrawal of over $1 billion by exchanges run by Justin Sun (Poloniex and HTX) from the decentralized finance protocol AAVE has raised concerns regarding liquidity, transparency, and market stability. This move, which involved transferring funds to Lido staking platform, impacted ETH and USDT liquidity. 💰 📈 The resulting decline in AAVE’s liquidity has led to increased borrowing rates for Ethereum. Concerns are growing about how this massive shift will impact the decentralized finance sector. 👀 🛡️ ]