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A certain whale sold 27,800 ETH at Spark to cut losses, repaying $44.14 million in loans.
Odaily Planet Daily reported that on-chain analyst Yu Yan monitored that a whale (0xfdd…6a92) holding an ETH lending position on Spark started selling ETH to stop losses after ETH price reached $2050 yesterday. The whale has sold a total of 27,800 ETH, repaid $44.14 million in loans. Currently, the whale still holds 9,810 ETH on Spark, worth $18.66 million, with a loan of 1,283 million DAI. The remaining position’s liquidation price has dropped to $1,560.