Whale Forced to Sell WBTC to Repay Debt Amid Market Decline | Flash News Detail | Blockchain.News

Whale Forced to Sell WBTC to Repay Debt Amid Market Decline

8/2/2024 3:09:00 PM

Whale Forced to Sell WBTC to Repay Debt Amid Market Decline

According to Lookonchain, a whale was compelled to sell 147 WBTC (worth $9.3M) within the past 30 minutes to repay debt as the market fell. This transaction was executed by withdrawing the WBTC from Aave. Despite this sale, the whale still holds a $34M USDT debt on Aave, with a health rate of 1.73. (Source)

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