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by: xpoolPosted on: April 7, 2025

Ethereum Whale Liquidated for Over $100 Million in Sky Protocol Bloodbath

A significant Ethereum whale experienced a devastating liquidation on the decentralized finance (DeFi) platform Sky, losing over $100 million due to the dramatic price drop of Ether. The liquidation occurred on April 6th, as the price of ETH plummeted around 14%. This loss stemmed from a collateralized debt position created by depositing ETH on Sky to borrow DAI.

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Crypto Liquidation DeFi Ethereum

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