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The whale that provided 56,995 WETH to borrow DAI on Maker is on the verge of liquidation

The whale that provided 56,995 WETH to borrow DAI on Maker is on the verge of liquidation

CointimeCointime2025/04/07 04:00
By:Cointime

according to Spot On Chain monitoring, a whale provided 56,995 WETH (valued at about $90.8 million) on Maker to borrow DAI, which is currently close to being liquidated at a price of $1,564.58. Earlier today, due to a price crash, another whale has already liquidated 67,569 ETH at a price of $1,650 (worth $106 million) to repay a $74.49 million loan. In the past 24 hours, the cryptocurrency market has liquidated a total of $898 million, with most of it coming from long positions.

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