Whale Liquidates Portion of WBTC to Repay Loan Amid Market Downturn

A prominent cryptocurrency whale has taken action amid recent market declines, selling a significant portion of their Wrapped Bitcoin (WBTC) holdings. The sale, totaling 432 WBTC for $77,030 per coin and totaling $77 million USD, was made to repay a loan obtained via Aave V3, according to Odaily reports. The whale still retains 100.28 WBTC, valued at approximately $7.7 million USD, as collateral on the platform. The overall health of the loan stands at 1.61, indicating improved financial security for the whale.