A whale sold a large ETH amount on OKX, cutting loan risk on Spark Protocol and lowering liquidation price while retaining over $110 million in collateral.
A cryptocurrency whale sold 11,190 ETH valued at $32.83 million through OKX to repay 26.55 million USDT on the Spark lending protocol. This repayment lowered the position's liquidation price to $2,268, thus reducing liquidation risk. Despite the large transaction, the entity still holds 37,400 ETH valued at about $110 million as collateral.