Ethereum Whale Sells ETH Amid Price Drop to $2,050

A significant Ethereum whale on the Spark platform has initiated the sale of ETH as the price declined to $2,050. According to NS3.AI, the whale has offloaded a total of 27,800 ETH to repay $44.14 million in loans. Despite these sales, the whale still retains 9,810 ETH, valued at $18.66 million, and holds a debt of 12.83 million DAI. The liquidation price for the remaining position has decreased to $1,560, indicating a heightened risk of further losses.