ETH whale sells 6,000 ETH to repay Aave loan

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Whale activity saw a significant move on September 9, as a large ETH holder sold 6,000 ETH at $2,496 to repay a loan on Aave. The whale previously held 149,800 ETH ($377 million) and now holds 143,800 ETH ($362 million), with $181 million in outstanding debt. The position remains leveraged at 2x, with the risk-to-reward ratio still active as market conditions evolve.

ChainThink reports that, according to Ember Monitoring, a whale who held 149,800 ETH (approximately $377 million) via leveraged borrowing sold 6,000 ETH four hours ago, converting it into 14.97 million USDe to repay an Aave loan, at an average sale price of $2,496.

This whale currently holds 143,800 ETH (approximately $362 million) and has a loan platform debt of about $181 million, resulting in an overall leverage of 2x.

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