Ethereum Is Threatening Whales Again: Two of Them Will Be Out of the Game at These Prices! - Coin Bulletin

With the drop in the price of ETH, the assets worth approximately 238 million dollars, consisting of 125,603 ETH on the Maker platform, are once again at risk of liquidation.

According to Lookonchain data, the decline in the ETH price has put the positions in two large whale wallets on the Maker platform at risk again. The health ratio of the total 125,603 ETH in these wallets has dropped to 1.07, while the liquidation prices have decreased to 1,805 dollars and 1,787 dollars respectively. This situation has reached a worrisome point for large investors.

The effect of ETH price decline on whale positions

In the event that the ETH price drops further, the likelihood of these large positions being liquidated may increase. Whales hold a significant amount of ETH in their wallets on the Maker platform, and this liquidation could have a major impact on the market.

According to data shared by Lookonchain on Twitter, during another recent decline, a whale that withdrew 2,334 Ethereum at a price level of 1,815 dollars two years ago had to sell its assets due to the price drop.