A whale/institution sold 41,800 ETH to avoid liquidation and subsequently deposited them into Aave to repay loans.
ChainCatcher news, according to on-chain analyst @ai_9684xtpa, a certain whale/institution sold 41,800 ETH to avoid liquidation. Through 10 addresses, a total of $94,140,000 worth of ETH was sold via Hyperunit in the past 8 hours, and then deposited into Aave to repay loans.
Since the market downturn on January 31, a total of 58,117 ETH (about $131 millions) has been sold. Currently, 38,465.3 ETH is still staked on-chain, and 40.06 millions USDC has been borrowed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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