A Whale Liquidates 8,424 ETH, Losing Approximately $2.25 Million

BlockBeats News, May 22nd, according to on-chain analyst Yujin Monitoring, whale nemorino.eth liquidated 8,424 ETH one hour ago, selling at an average price of $2,124, with a total value of approximately $17.9 million, resulting in a loss of about $2.25 million.

Furthermore, during the ETH rebound earlier this month, the whale borrowed stablecoins from Spark and leveraged to buy ETH, with an average cost of $2,391. After the sale, nemorino.eth has repaid the loan and deposited the remaining 11.71 million USDC back to Spark to earn interest.