Ethereum (ETH) whales are facing on-chain liquidations, moving coins to cover their positions on decentralized protocols. Threatened DeFi liquidations are becoming more common as ETH sank under $2,000 and dipped as low as $1,700.
Ethereum (ETH) collaterals on decentralized protocols are under threat, as ETH dipped under $2,000. Several whales had to top up their collaterals to avoid liquidation in DeFi lending vaults. ETH dipped as low as $1,791.23, triggering several liquidation tiers on decentralized protocols.
For one of the whales, the dip under $1,800 was enough to trigger liquidation for a total debt of $2.27M DAI. The liquidated collateral, however, was valued at $1.23M.
