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A recent plunge in the cryptocurrency market has left a prominent trader facing liquidation risks. The individual, who has actively engaged in the Maker protocol since 2021, was compelled to add 2,000 ETH (approximately $4 million) as collateral to avert the liquidation of a $75 million DAI loan triggered by Ethereum&#8217;s (ETH) declining value.

Crypto Whale Dodges Liquidation with Urgent Action

On March 11th, COINOTAG News reported that a significant transaction was noted by Onchain Lens, revealing that a cryptocurrency whale executed a notable purchase of 15,291.55 ETH. This acquisition, valued [&#8230;]

Whale Acquires 15,291.55 ETH for $30.79 Million DAI in Major Transfer

In a last-minute bid, the trader sent 2,000 ETH to lower the liquidation price, buying himself additional breathing room.

Crypto whale faces imminent liquidation on Maker after sending ETH and DAI to backstop a $75 million loan

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Binance has announced plans to remove trading pairs involving stablecoins that don&#8217;t comply with MiCA regulations. This includes popular stablecoins like Tether’s USDT, First Digital USD (FUSD), and DAI within the European Economic Area (EEA).&#160; This change, scheduled for March 31, is part of Binance’s effort to follow the European Union’s Markets in Crypto-Assets (MiCA) [&#8230;]

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Crypto Whale Dodges Liquidation with Urgent Action

Whale Acquires 15,291.55 ETH for $30.79 Million DAI in Major Transfer

Crypto whale faces imminent liquidation on Maker after sending ETH and DAI to backstop a $75 million loan

European Crypto Markets Face Disruption as Binance to Delist Tether USDT, DAI, and Other Stablecoins

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