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.
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