A significant liquidity event has shaken Aave’s USDT lending pools, as a large whale known as HTX removed a staggering 93% of the available USDT. This withdrawal left other whales trapped with their stakes, as the majority of USDT is currently in borrower hands. The sudden depletion of liquidity sent shockwaves through the market, resulting in an immediate spike in borrowing rates and deposit yields on Aave V3. Despite the short-term volatility, the protocol’s overall resilience was demonstrated by its ability to rebound quickly with increased deposits from other whales. Experts suggest that while this event highlights the potential for large-scale liquidity withdrawals in DeFi, the stablecoin ecosystem remains resilient due to robust underlying protocols and ample liquidity reserves. The exact purpose of HTX’s withdrawal remains unclear, but it underscores the growing opportunities and risks within decentralized finance.