MATIC Breaks Critical Support as Flash Crash Risks Mount Toward $0.28

Polygon (MATIC) has experienced a significant technical breakdown below $0.38, as broader altcoin market risks intensify. Selling pressure on Aave has surged following the KelpDAO exploit, where an attacker utilized a bridge-related flaw to mint fake collateral and borrow real ETH. This exploit has left Aave with an estimated $280 million in bad debt, exposing systemic vulnerabilities across the DeFi ecosystem. Meanwhile, assets like Chainlink (LINK), Algorand (ALGO), and Sei (SEI) continue to face price stagnation, and Lido DAO (LDO) is seeing a 'dead cat bounce' at $0.40. Shiba Inu (SHIB) remains under pressure from bearish technicals, as major assets like UNI, AVAX, and DOT stay vulnerable to further price capitulation.