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
Nikkei 225 Index Falls Below 64,000 Points, Down 2.28% Intraday
Laser Photonics issues warrants in $7.9 million public offering at $0.75 per share
APAC Realty offers IDR 250 a share for ERA Indonesia minority stake in delisting bid
Capallianz shares on SGX-ST halt pending announcement
Crypto prices
More
