Following a drastic drop in Ethereum (ETH) price, one of the whales on the Maker platform faced liquidation of 67,570 ETH units worth approximately $106 million. This occurred on Monday evening, coinciding with a more than 10% plunge in Ethereum price from over $1,800 to around $1,500. The cryptocurrency market, which had shown significant resistance against the US stock market decline on Friday, once again came under selling pressure. In the past 24 hours, aggressive tariff policies by Donald Trump caused Bitcoin (BTC) to drop below $78,000. The total cryptocurrency market value also dropped by over 8% to $2.45 trillion. During this period, Ripple (XRP) plummeted by about 16% to below $1.90. Binance Coin (BNB) also dropped by 7.5% to $547. Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) each experienced around a 15% decline, while Tron (TRX) faced a 4% drop. Additionally, the ETH/BTC ratio reached 0.021, the lowest level since March 2020. According to Lookonchain platform, another investor reacted to the volatile market conditions by selling 14,014 ETH units worth approximately $22 million. However, some whales see the price drop as an opportunity to accumulate. One whale recently purchased 24,817 ETH units worth about $42 million, increasing their total assets to over 1.2 million ETH, equivalent to $1.9 billion. Since February 3, 2025, this investor has spent around $230 million to buy 103,534 ETH units and currently faces an unrealized loss of $64 million. IntoTheBlock’s report also indicates that whales bought around 130,000 ETH units only on Thursday after Ethereum dropped below $1,800.
