Odaily News According to on-chain analyst Ember, the whale nemorino.eth sold 10,828.5 ETH in the past 3 hours to repay his loan on Aave in order to unload leverage.
He sold 10,828.5 ETH in exchange for 28 million USDC to repay his loans, with an average selling price of $2,586. After paying off all his loans, he now still holds 8,833.4 ETH (US$23.26 million).
Whales usually unload leverage because they believe that prices will continue to fall.