If AAVE falls to 123 dollars, a certain whale's 102,000 AAVE will face liquidation
According to on-chain analyst Yu Jing, if AAVE falls another $7 to $123, a whale using leverage to invest in AAVE will face liquidation of his position of 102,000 AAVE ($13.08 million). He borrowed 9.56 million GHO through a revolving loan from Aave between October and December last year to buy AAVE at an average cost of $166. He really has diamond hands: his AAVE went from making a maximum floating profit of $21.33 million by the end of last year, then fell sharply into a current floating loss of $3.58 million and is about to be liquidated. He has never sold any.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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