Two Ethereum whales on MakerDAO are at risk of being liquidated if Ether drops below $1,800. The whales, who borrowed millions in
Two Ethereum whales on MakerDAO are at risk of liquidation if Ether drops below $1,800, Lookonchain reports.
The whales, who borrowed millions in DAI from the DeFi lending protocol and pledged ETH as collateral, are now under pressure due to Ether’s continuous decline. According to Lookonchain and Arkham Intelligence, who both spotlighted the situation, the whales have a combined 125,603 ETH worth $238 million on the line. One borrowed over $75 million worth of DAI from MakerDAO, using 60,810 ETH worth $110 million as collateral.
However, the whale has their liquidation threshold set at $1,793, raising concerns that any sharp drop in ETH price could cause liquidation. Arkham Intelligence noted that the whale has been inactive for three weeks, further justifying the concerns.
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