logo

An entity conducted a large-scale ETH dump on Hyperliquid to repay its loan on Aave

By: theblockbeats.news|2026/02/05 00:01:41
0
Share
copy

BlockBeats News, February 4th, according to MLM Monitor, an entity is currently continuously selling a large amount of ETH on Hyperliquid through 11 wallets to repay its loan on Aave:


Within the past 5 hours, the entity has sold 31,700 ETH on Hyperliquid (approximately $80.8 million); in the past 4 days, a total of 47,000 ETH has been sold (approximately $120 million). Currently, it still holds 49,600 ETH (approximately $112 million) on Aave as collateral while borrowing $86 million USDC.


As the price of ETH drops, this position is close to liquidation, forcing continuous selling of ETH to repay the debt and avoid complete liquidation. The relevant wallet addresses are:


0xc1ae7B499fA724A4A5098d308eBAcb49B7272e2c
0xC7880fC94d88476c0df9272928645834E6F39854
0xdb906D0dfd17C05DF42B9A20EBd1287Ff88Cb13c
0xaDfFE2BEAfaE564E6FE372d660AA8b27767F2B33
0x04c58EE5E5FC5f56A824184c5d88e94B7cA4aA76
0x57f4Fb3bd619f50d0fe74aaaCff723494CfDE132
0x2BFA70961B22af71E41028E57D18AA23e640971e
0x0246B8b0CF8c681a14EefDDa6Db2f9f8Ae28DEF2
0x23B6820d1563a21Ba1D81631214fccBAd72982c2
0xe7CEAD883de35F04778aAa0F8Cd155a5c4400619
0xf9d1540285DcC0582aa32852af7cf9Ed0205Ebf5

-- Price

--

You may also like

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Contents

Popular coins

Latest Crypto News

Read more