A loan backed by approximately 2.3% of the total AAVE supply is slowly being liquidated on Thursday amid a major crypto market pullback.
Loan backed by 2.3% of AAVE supply hit by cascading liquidations as token slides
AI IMPORTANCE: 8/10
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AI INSIGHT
Unidentified borrower’s loan secured by roughly 2.3% of AAVE’s total supply entered cascading liquidations on Thursday; on-chain data show multiple tranche liquidations and progressive sell orders.
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