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An entity conducted a large-scale ETH dump on Hyperliquid to repay its loan on Aave
BlockBeats News, February 4th, according to MLM Monitor, an entity is currently continuously selling a large amount of ETH on Hyperliquid through 11 wallets to repay its loan on Aave:
Within the past 5 hours, the entity has sold 31,700 ETH on Hyperliquid (approximately $80.8 million); in the past 4 days, a total of 47,000 ETH has been sold (approximately $120 million). Currently, it still holds 49,600 ETH (approximately $112 million) on Aave as collateral while borrowing $86 million USDC.
As the price of ETH drops, this position is close to liquidation, forcing continuous selling of ETH to repay the debt and avoid complete liquidation. The relevant wallet addresses are:
0xc1ae7B499fA724A4A5098d308eBAcb49B7272e2c
0xC7880fC94d88476c0df9272928645834E6F39854
0xdb906D0dfd17C05DF42B9A20EBd1287Ff88Cb13c
0xaDfFE2BEAfaE564E6FE372d660AA8b27767F2B33
0x04c58EE5E5FC5f56A824184c5d88e94B7cA4aA76
0x57f4Fb3bd619f50d0fe74aaaCff723494CfDE132
0x2BFA70961B22af71E41028E57D18AA23e640971e
0x0246B8b0CF8c681a14EefDDa6Db2f9f8Ae28DEF2
0x23B6820d1563a21Ba1D81631214fccBAd72982c2
0xe7CEAD883de35F04778aAa0F8Cd155a5c4400619
0xf9d1540285DcC0582aa32852af7cf9Ed0205Ebf5
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