TechFlow News: On May 22, on-chain analyst EmberCN (@EmberCN) reported that the whale nemorino.eth liquidated 8,424 ETH one hour ago at a price of $2,124 per ETH, for a total value of approximately $17.9 million, incurring a loss of roughly $2.25 million. Earlier this month, during ETH’s rebound, nemorino.eth borrowed stablecoins from Spark and leveraged them to buy ETH, with an average entry price of approximately $2,391. After the sale, nemorino.eth repaid the loan and deposited the remaining $11.71 million in USDC back into Spark to earn interest.
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