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A whale’s $40 million Ethereum position may face liquidation

A whale’s $40 million Ethereum position may face liquidation

CointimeCointime2024/07/04 10:31
By:Cointime

Lookonchain monitoring shows that as the market is falling, a certain Ethereum whale is about to face liquidation. They had previously deposited 12,734 ETH ($40 million) into Compound and borrowed 31.4 million stablecoins, with a health factor of only 1.06. When the price of ETH drops to $2,984, they will be liquidated.

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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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