Data: A certain whale sold off 8,424 ETH one hour ago, incurring a loss of 2.25 million dollars

According to on-chain analyst Yu Jin's monitoring, the whale nemorino.eth liquidated 8,424 ETH ($17.9 million) one hour ago, incurring a loss of $2.25 million. At the beginning of the month, when ETH rebounded, he borrowed stablecoins from Spark to leverage and buy ETH at an average cost of $2,391.

Subsequently, ETH failed to continue its rebound and instead fell back. He retrieved 8,424 ETH from Spark and sold it off at a price of $2,124, paying off the loan and depositing the remaining 11.71 million USDC back into Spark to earn interest.