Large Crypto Liquidation Occurs Amid WETH Price Drop

According to BlockBeats, a significant liquidation event was triggered when the price of Wrapped Ether (WETH) fell to approximately $1,767. The address "0x0fb5. . . 7319" had staked 1,550 WETH, valued at around $2. 82 million, to secure loans of 1. 5 million USDT and 267,400 DAI. As a result of the price drop, a total of 621. 06 WETH, worth approximately $1. 13 million, was forcibly liquidated. source: https://www.binance.com/en/square/post/22269346807865?utm_source=BinanceNewsRSS