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

2 hours ago

February 4th — Per MLM Monitor, a single entity is currently dumping large amounts of ETH via 11 wallets on Hyperliquid to repay a loan on Aave: In the past 5 hours, the entity has sold 31,700 ETH (≈$80.8M) on Hyperliquid; over the past 4 days, it has offloaded a total of 47,000 ETH (≈$120M). Currently, the entity still holds 49,600 ETH (≈$112M) as collateral on Aave, where it has borrowed $86M in USDC. As ETH prices fall, the position is near liquidation—pushing the entity to keep selling ETH to repay debt and avoid full liquidation. Relevant wallet addresses: 0xc1ae7B499fA724A4A5098d308eBAcb49B7272e2c 0xC7880fC94d88476c0df9272928645834E6F39854 0xdb906D0dfd17C05DF42B9A20EBd1287Ff88Cb13c 0xaDfFE2BEAfaE564E6FE372d660AA8b27767F2B33 0x04c58EE5E5FC5f56A824184c5d88e94B7cA4aA76 0x57f4Fb3bd619f50d0fe74aaaCff723494CfDE132 0x2BFA70961B22af71E41028E57D18AA23e640971e 0x0246B8b0CF8c681a14EefDDa6Db2f9f8Ae28DEF2 0x23B6820d1563a21Ba1D81631214fccBAd72982c2 0xe7CEAD883de35F04778aAa0F8Cd155a5c4400619 0xf9d1540285DcC0582aa32852af7cf9Ed0205Ebf5
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