DeFi Whale Liquidates $200 Million ETH, Loses Millions
CryptoNewsTerminal Staff08 Sep, 2024
DeFi Whale Liquidates $200 Million ETH, Loses Millions
DeFi whales have been making headlines lately, with their massive transactions and liquidations. In a recent development, Amberdata reported on Twitter that a whale had liquidated 28,564 ETH (currently worth ~$64.9 million) at an average price of $2,272, resulting in an estimated loss of $17.51 million. The whale in question had been consistently borrowing and buying 30,654 ETH ($88.4 million) at an average price of $2,885. However, the recent sell-off suggests that the whale may be facing financial difficulties or simply changing their investment strategy. It's worth noting that this is just one example of the risks associated with DeFi. While DeFi can offer great opportunities for investors, it's important to remember that the market is highly volatile and losses can occur quickly. As always, it's important to do your own research and invest only what you can afford to lose.
