XVS crashes 40% in one day, a whale suffers a liquidation loss of about $1.09 million within an hour
Foresight News reported, according to Ember monitoring, XVS experienced a flash crash of 40% within one day (dropping from $5.3 to $3.1). A certain whale purchased 532,000 XVS (worth $2.81 million) on Venus through looped lending the day before yesterday, and was liquidated for 287,000 XVS (worth $930,000) during the flash crash about an hour ago today, resulting in a loss of up to $1.09 million. The whale had previously collateralized XVS on Venus to borrow USDT and continued to buy XVS, borrowing a total of 1.4 million USDT to purchase 532,000 XVS.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lao Bai: Crypto is transforming the traditional financial system
Tom Lee: The success of OpenAI and Robinhood stems from the founders' vision, not reliance on AI tools
Silver Mountain swings to Q2 profit of $5.88 million; operating expenses rise to $1.96 million
Top Analyst to XRP Holders: The Stage Is Set. Exciting Times Ahead. Here’s why
