TechFlow, April 7 — According to on-chain analyst Eunice's monitoring, a whale using leverage to invest in AAVE is facing liquidation risk. If the AAVE price drops another 7 USD (to 123 USD), their position of 102,000 AAVE (worth 13.08 million USD) will be liquidated. The whale borrowed 9.56 million GHO from Aave between October and December last year via circular lending to purchase AAVE at an average cost of 166 USD. From purchase until end of last year, unrealized profits peaked at 21.33 million USD, but are now down 3.58 million USD in unrealized losses, with no sales made so far.
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