🚀   "Whale" ETH almost hit 75 million USD — A spectacular escape on Maker!

⭐  Nail-biting situation

🟢 Initial loan: 75 million DAI

🟢 Collateral: 65,675 ETH (collateral ratio 176%)

🟢 Liquidation price: 1,932.08 USD/ETH

⭐  To avoid liquidation, the whale took urgent action

🟢 Deposited an additional 4 million USD ETH from Bitfinex ➡️ Reduced liquidation price to 1,874.98 USD

🟢 Withdrew 1.5 million USDT from Binance ➡️ Swapped to DAI on Uniswap ➡️ Paid down debt ➡️ Brought liquidation price down to 1,781.28 USD

🟢 Reduced loan from 75 million USD to 67.89 million USD

➡️ Despite efforts to pump liquidity, with ETH currently at only 1,861 USD (down nearly 10% in 24h), this whale is still just 4.3% away from the liquidation threshold. Another slight drop could cause his position to be closed, along with a penalty fee of up to 16 million USD.