Addresses linked to Kanye West offloaded 1,390 ETH to reduce liquidation risk, incurring a loss of approximately $317,000.
53 minutes ago
According to on-chain analyst Ai Yi (@ai_9684xtpa), an address linked to Kanye West began selling ETH in batches six hours after the disclosure of Binance's hack. The address sold 1,390 ETH at an average price of $2,275.6, totaling around $3.163 million, with a loss of approximately $317,000. Currently, the address still holds 19,506.17 ETH as collateral, has borrowed $27.67 million in stablecoins, with a health ratio of 1.31. A liquidation will be triggered if ETH falls to $1,689.59.
Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $17.2 million, while Ethereum ETFs saw a net outflow of $105.5 million.
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