ETH Whale Sells Big, Loses $17M To Repay Aave Debt!

The post ETH Whale Sells Big, Loses $17M To Repay Aave Debt! appeared first on Coinpedia Fintech News

Following the crypto market crash on September 7th, a major whale made a tough decision to sell 28,554 ETH, worth $64.4M, to clear out outstanding debts. By clearing the debts on Aave, the whale incurred a loss of over $17 million. From December last year, the whale was actively buying Ethereum, accumulating 30.5K ETH at an average price of $2,850. The sell-off highlights a massive impact, leading to increased movement in the growing market volatility and forcing even large holders to exit positions at a substantial loss.