ETH fell below 2200, the undefeated whale liquidated 19,000 Ethereum, and lost more than 3 million US dollars
The cryptocurrency market has continued to fall after a brief surge in the Bitcoin Spot ETF. The expectation that the Ethereum spot ETF was expected to be adopted this year caused the price of ETH to reach a maximum of $2,717 on the 12th of this month, but it has fallen by nearly 20% in less than two weeks.
The Ethereum whale, which has been undefeated since November, claims a loss of US$2.02 million
The continued decline of Ethereum has also caused heavy losses to bullish investors.
According to monitoring by a Twitter user yesterday (23rd), the ETH whale, who has a 100% winning rate since November last year, has been staking ETH>Lending the stablecoin DAI on MakerDAO>Buying since December 8, 2023 By depositing ETH, 20,841 Ethereums were accumulated, with an average cost of US$2,380 and a value of approximately US$50.54 million.
However, as the price of ETH fell, the whale faced the risk of liquidation on MakerDAO, forcing him to sell 12,715 ETH (about 28.25 million U.S. dollars) at around 6:30 yesterday evening to repay the loan, claiming a loss of 2.02 million U.S. dollars! The 100% winning rate was broken.
It is understood that the whale still holds 7,001 ETH. Although its asset health indicators on Maker DAO have rebounded, if ETH continues to fall or remains low and fluctuates, the whale's losses may continue to expand.
