DeFi United rallies 43,500 ETH to counter KelpDAO hack

DeFi United has rallied 43,500 ETH in pledges to counter the KelpDAO hack, while the Polymarket contract for Ethereum reaching $10,000 by end of 2026 sits at 4.2% YES.

The market for Ethereum reaching $4,000 in April hasn’t seen any trades in recent days. With only six days left in April, the timeline is tight. The pledges alone are unlikely to ignite a last-minute rally without significant market momentum behind them.

Daily USDC volume across Ethereum 2026 price markets is $114, negligible for any institutional participant. The cost to move the market by five points is $1,029, meaning the book has some depth but remains vulnerable to large single orders.

The ETH pledges from DeFi United are aimed at stabilizing conditions after the exploit, but the 2026 price outlook depends on broader adoption and recovery. At 4.2¢, a YES share for Ethereum hitting $10,000 by end of 2026 pays 23.8x, a speculative position that depends on macro conditions and Ethereum protocol development.

Watch for details on how the pledged ETH gets deployed and any regulatory responses to DeFi vulnerabilities. Comments from Vitalik Buterin or new institutional moves could shift these markets.

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