A Whale's Loop Loan to Buy XVS Results in 287,000 Tokens Liquidated, Incurring a Loss of $1.09 Million

According to on-chain analyst Yu Jian, the price of XVS dropped 40% today, falling from $5.3 to $3.1. A whale (0x1c2...f5df) mortgaged XVS on Venus the day before yesterday, borrowed 1.4 million USDT to continue buying, accumulating a holding of 532,000 XVS valued at $2.81 million. Affected by the price decline, the whale was liquidated of 287,000 XVS one hour ago to repay 930,000 USDT, with a liquidation price of $3.23, resulting in a current loss of $1.09 million. The address currently has a health rate of 1.07. If XVS continues to fall below $3.2, its position will face further liquidation.