Whales Sell 26,881 ETH to Repay Loans and Deleverage, Retain 11,600 ETH

COINOTAG News reported on April 10th that according to Ashes Monitoring, a recent trend has been observed among Ethereum whales. These large-scale investors, facing imminent liquidation of their ETH holdings, have strategically opted to liquidate a substantial portion of their assets just before reaching liquidation thresholds. In a decisive move, they sold off 26,881 ETH within a span of just 90 minutes, converting their holdings into 42.04 million DAI to effectively manage their debt and enhance their financial leverage. Following this transaction, the whale in question continues to hold 11,600 ETH, illustrating a calculated approach to liquidity management. This development highlights the ongoing volatility in the crypto market, as large holders navigate financial pressures and market conditions.