Ethereum whales on MakerDAO face $238M liquidation risk as ETH nears critical level
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Two major Ethereum whales on MakerDAO are at risk of liquidation if ETH drops below $1,800. These whales have collectively pledged 125,603 ETH (worth $238 million) as collateral for DAI loans. The ongoing ETH price decline has put significant pressure on their positions, highlighting broader challenges in the DeFi sector, including falling Total Value Locked (TVL) and declining investor confidence.
March 30, 2025 | 4:00 pm
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ETH is experiencing significant price pressure, with two major whales at risk of liquidation and potential forced selling. The cryptocurrency has dropped 45% year-to-date, falling below $2,000, and faces criticism from crypto experts about its investment value.
The article highlights multiple negative factors for ETH: potential whale liquidations, price decline, reduced DeFi TVL, and negative sentiment from industry experts. These factors suggest continued downward pressure on the asset.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100