On January 29, fresh monitoring data revealed a crypto whale suffered a major liquidation after a sharp market downturn.
Prior to the crash, the whale had acquired 532,000 XVS tokens via flash loans on Venus two days earlier, valued at around $2.81 million.
However, amid a sudden crash in XVS price, the whale was liquidated on 287,000 tokens, representing a loss of $930K.
Despite the liquidation, the whale’s position remains precarious with a health factor of 1.07, just above the liquidation threshold.
Further declines in XVS price below $3.2 could trigger more liquidations of its remaining holdings.