ChainCatcher message: An address associated with the Bhutanese sovereign wealth fund Druk Holdings actively sold ETH (stETH) during the Ethereum decline this morning (around 2:30 AM) to avoid leverage liquidation. In terms of timing, this transaction coincides with Ethereum’s short-term low of $2243.
According to statistics, this address sold approximately 25,816 ETH in a short period and repaid loans on Aave in USDT. As of press time, the address’s Aave account health factor is 1.1, holding 78,245.7949 stETH, with a loan of 137.8 million USDT still outstanding.
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