A certain DeFi lending protocol whale continues to offload 350 WBTC, incurring a $10.16 million loss

BlockBeats News, November 28th, according to Chainnews, a whale that had been accumulating WBTC and ETH in a flash loan-fueled manner recently began to sell off its holdings after suffering a $25.29 million loss from liquidating 18,517 ETH.

During the past week, it sold 350 WBTC at an average price of $87,732, exchanging them for 30.7 million USDT with a cost average of $116,762. The portion of the WBTC sold at a loss resulted in a $10.16 million loss.

The whale still holds 1,210 WBTC, which is currently at a $30.9 million unrealized loss.