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A certain ETH whale was forced to liquidate, selling 238 ETH to receive 488,000 DAI for repayment

2026.02.05 21:56:35

**ChainNews reported on February 5 that as Ethereum (ETH) dropped to the $2,000 level, a whale with a large leveraged position faced imminent liquidation.** The investor had collateralized 23,800 ETH (valued at roughly $48.56 million) to borrow 35.27 million DAI, with a liquidation threshold of $1,800. With ETH’s current price just $250 away from that threshold, the whale urgently sold 238 ETH to convert to 488,000 DAI and repay part of the debt.
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