Whale nemorino.eth gets 225 million USD loss after covering short on ETH

Odaily Odaily Odaily Odaily According to on-chain analyst Ember CN, the whale nemorino.eth (0x8ae...e0d) withdrew 8,424 ETH from Spark 1 hour ago and sold them at $2,124, worth $17.9 million, losing $2.25 million. At the beginning of this month, when ETH rebounded, the address borrowed stablecoins from Spark to leverage long ETH, with an average purchase cost of $2,391. After clearing the position and repaying the loan, the remaining 11.71 million USDC was deposited back into Spark.