Kanye West-linked address sells 1,390 ETH to avoid liquidation
- —1,390 ETH sold for $316,300 at an average of $2,275.6
- —The sale realized a $317,000 loss
- —19,506 ETH remain as collateral against $27.67 million in debt
- —Liquidation would trigger if ETH falls to $1,689.59
Why it matters: Large DeFi borrowers are being forced to cut positions as ETH falls, adding selling pressure to the market.
Source: PANews