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ETH falls below $3200, Aave whale gets liquidated for 23.44 million
[Coin World] ETH has broken 3200 today, and a Large Investor on Aave got liquidated.
This guy (0xa740…b5b6) was playing pretty big before, using wstETH as collateral to borrow a bunch of USDT and USDC. As a result, ETH plummeted, triggering the liquidation line. In the end, it was calculated that his wstETH position was liquidated for 23.44 million dollars.
When the market fluctuates, leveraged players find it so exciting. Although DeFi lending is flexible, risk control still needs to keep up with the rhythm; otherwise, one can get liquidated in no time.