#ETHWhaleLiquidation
Recent market volatility has placed several Ethereum (ETH) whales—investors with substantial holdings—at significant risk of liquidation. As ETH's price dipped below $1,800, these large-scale investors took swift actions to mitigate potential losses.
One notable case involves a whale who had collateralized 67,675 ETH (approximately $121.8 million) on the Maker platform. Facing imminent liquidation as ETH's price approached their liquidation threshold, this investor deposited an additional 2,000 ETH (around $3.73 million) and repaid $1.54 million in DAI to lower their liquidation price, thereby averting forced liquidation.
Similarly, another whale, holding 60,810 ETH (valued at $109 million) on Maker, faced a liquidation price of $1,798.64. When ETH's market price briefly dropped to $1,791, the investor was at risk. However, due to a delay in the Maker oracle price update, they had the opportunity to add more collateral, thus avoiding liquidation.
In another instance, a whale sold 25,800 ETH (approximately $47.8 million) to prevent liquidation, incurring a loss exceeding $32 million. Post-sale, this investor still holds 35,034 ETH (about $64.68 million) on Aave, with a health rate of 1.4 and a liquidation price around $1,316.
These events underscore the importance of active risk management among large-scale crypto investors, especially during periods of heightened market volatility.