Odaily Planet Daily News According to @EmberCN, the price of ETH has fallen sharply. The whale who was long on ETH through revolving loans sold 5,094 ETH again to avoid liquidation, and exchanged about 7.49 million USDT at an average price of 1,471 US dollars to repay the loan, reducing the liquidation price of Aave positions to 1,246 US dollars.
Previously, on March 11, the whale also sold 25,800 ETH when ETH plummeted, and the loss was as high as 31.75 million US dollars in a single transaction. The two operations have accumulated a loss of about 40 million US dollars on ETH.
It is reported that the whale opened a position of ETH through leverage at an average price of 3,084 US dollars in July 2024, and currently holds about 30,000 ETH on Aave, and the risk is still high.