An entity sold 31,700 ETH on Hyperliquid over the past 5 hours to repay Aave loan

Odaily News According to MLM monitoring, an entity has been selling large amounts of ETH on Hyperliquid to repay its Aave loans across 11 wallets. Over the past 5 hours, this entity sold 31,700 ETH (worth $80.8 million) on the Hyperliquid platform, bringing the total sales over the past 4 days to 47,000 ETH (worth $120 million). It is reported that the entity deposited 49,600 ETH (worth $112 million) into its Aave account as collateral to borrow $86 million in USDC. However, due to the decline in ETH price, the entity's position is on the verge of liquidation, forcing it to continue selling ETH to repay the debt and avoid being fully liquidated.