🔔Major Crypto Liquidation Occurs as WETH Price Drops
According to BlockBeats, a major liquidation event occurred as the price of Wrapped Ether (WETH) dropped to around 1,767 USD. The address "0x0fb5...7319" had staked 1,550 WETH, valued at approximately 2.82 million USD, to secure loans of 1.5 million USDT and 267,400 DAI. Due to the price drop, a total of 621.06 WETH, valued at approximately 1.13 million USD, was forcibly liquidated.