A certain AAVE Whale is facing liquidation, with an unrealized losses of 3.58 million dollars.

Odaily News According to Yujin Monitoring, a Whale using leverage to invest in AAVE is facing liquidation risk. If the price of AAVE falls another 7 dollars (to 123 dollars), its position of 102,000 AAVE (valued at 13.08 million dollars) will be liquidated. This Whale borrowed 9.56 million GHO from Aave through cyclical lending from October to December last year to purchase AAVE, with an average cost price of 166 dollars. From the purchase until the end of last year, the unrealized gains reached a maximum of 21.33 million dollars, but now it has unrealized losses of 3.58 million dollars and has not sold any.