On April 7, according to on-chain data analyst Ember Monitor, as the market fell, the lending positions of a giant whale address totaling 67,500 ETH (approximately US$105 million) were completely liquidated when ETH fell to around US$1,650, further exacerbating the decline in ETH prices.
It is reported that the giant whale address had added 2,160 ETH as collateral at 1 a.m. to lower the liquidation line, but it was eventually forced to level up around 6 a.m. to repay its $74.4 million DAI loan.
No comments yet