Kanye West-linked address reduced 1,390 ETH to lower liquidation risk, with a loss of approximately $317,000.

BlockBeats news, October 30 - According to on-chain analyst Ai Yi (@ai_9684xtpa), an address associated with Kanye West began selling in batches 6 hours ago (after the Binance hack news was disclosed), selling 1,390 ETH at an average price of $2,275.6, worth approximately $3.163 million, with a loss of about $317,000.

Currently, the address still has 19,506.17 ETH collateralized, with $27.67 million in stablecoins borrowed, health rate at 1.31, and liquidation will be triggered if ETH drops to $1,689.59.