Whale makes $14M Ether emergency deposit to avoid $340M liquidation

An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure.The whale is reportedly close to liquidation on a 220,000 Ether ETH ETH - $2557.942 position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ETH ETH - $2557.942 — worth more than $14.5 million — and 3.54 million Dai DAI DAI - $0.999880951655137 to raise the position's liquidation price, blockchain analytics firm Lookonchain said in an April 7 post on X.

Source: cointelegraph.com

Related symbols: WHALEUSD

2025-04-07 09:54:03 GMT.

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Price & Market Data

Price: $2557.942

Volume 24h: $14,588,390,532.58

Market Cap: $308,810,195,672.83

Description

Ethereum (ETH) is a cryptocurrency . Ethereum has a current supply of 120,726,039.78961202. The last known price of Ethereum is 2,559.20350841 USD and is down -0.66 over the last 24 hours. It is currently trading on 10306 active market(s) with $15,728,152,992.20 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.

Price & Market Data

Price: $0.999880951655137

Volume 24h: $19,231,042,968.04

Market Cap: $5,364,743,962.73

Description

Dai (DAI) is a cryptocurrency and operates on the Ethereum platform. Dai has a current supply of 5,365,382,702.664872. The last known price of Dai is 0.99980326 USD and is down -0.01 over the last 24 hours. It is currently trading on 3519 active market(s) with $19,214,408,484.33 traded over the last 24 hours. More information can be found at https://makerdao.com/.