Ethereum Whale Loses Millions Amid Market Woes!

In a dramatic turn of events, an Ethereum investor experienced a staggering $106 million loss amid a sharp dip in Ether's value. This crypto "whale" had a significant position on the decentralized finance platform, Sky, where investors use crypto collateral to borrow stablecoins. When Ether's price plummeted by 14%, their collateral ratio dropped, triggering a liquidation. This event reflects the volatile nature of the crypto market, especially during economic uncertainties like tariff-induced sell-offs. The broader crypto market saw nearly $1 billion in liquidations within 24 hours, underscoring the high-risk environment for investors.