Oh, the drama in the crypto sea! 🌊 Two whales are playing a high-stakes game of “Who’s Got the Most ETH?” and it’s getting intense. Apparently, they’ve got $238 million worth of ETH on the line with Maker vaults. And guess what? The ETH price took a nosedive, and now they’re sweating bullets. 💦
According to our friends at Lookonchain (because who doesn’t love a bit of blockchain gossip?), these two whales parked a whopping125,603 ETH (yeah, you read that right) in Maker vaults. But here’s the kicker: they borrowed $143.68 million in DAI against it. Now, if ETH decides to play hide and seek below $1,805 and $1,787, respectively, well… let’s just say they’ll be singing the liquidation blues. 🎶
As the $ETH price does its best impression of a rollercoaster 🎢, these two whales are holding onto their125,603 $ETH like it’s the last lifeboat on the Titanic. The health rate’s dropped to a nail-biting $1.07, with liquidation prices at $1,805 and $1,787. Yikes!
— Lookonchain (@lookonchain) March29,2025
Their health rates are now doing the limbo at1.05 and1.06. Just a tad closer to1, and it’s “Sayonara, ETH!” as the market would gladly scoop up their stash. 🤦♀️
In the wild world of DeFi, this is practically a Tuesday. Traders toss their funds around like hot potatoes, locking them up here, borrowing there, all in the name of that sweet, sweet yield. 🤑
So, here’s how Maker (or should I say Spark? 🔥) works: you toss your ETH into a Vault, borrow some DAI, but don’t get too greedy – you can only borrow up to two-thirds of what you’ve stashed. And oh, you better keep that collateral ratio at150%, or else… 🚨
Right now, ETH’s chillin’ at around $1,870 – down a cool2.2% in the last24 hours. If it keeps sliding, these whales better start shoveling more ETH into their Vaults, or they’ll be watching their digital gold vanish faster than a magician’s rabbit. 🐇✨
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2025-03-29 13:26