WhaleTrap
A significant investor who took a bullish position on Ethereum has faced liquidation.
They deposited 12,734 $ETH valued at $40 million into Compound and borrowed $31.4 million in stablecoins, but their collateral ratio was just 1.06.
Unfortunately, as Ethereum's price fell to $2,984, they were liquidated from their position. With Ethereum now trading at $2,866, the situation has worsened for them.
#Write2Earn! #BinanceTournament #Whalestrap #LiquidationFrenzy