Kanye-linked address reduces ETH holdings by 1,390 within 6 hours, cashing out $3.163 million to lower liquidation risk

TechFlow reported that, according to monitoring by Ai Yi, on October 30, about 6 hours after the Binance hack incident was disclosed, a Kanye-linked address began selling ETH in batches, selling 1,390 ETH worth $3.163 million at an average price of $2,275.6 and incurring a loss of about $317,000. Currently, the address still has 19,506.17 ETH collateralized and has borrowed $27.67 million in stablecoins, with an account health factor of 1.31. If the ETH price falls to $1,689.59, the address will face liquidation risk.

Source: TechFlow