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3AC wallet drops listed below liquidation level running the risk of over $200 million in ETH

3AC wallet drops below liquidation level risking over $200 million in ETH 3AC wallet drops listed below liquidation level running the risk of over $200 million in ETH Liam ‘Akiba’ Wright ·39 minutes ago · 1 minutes read

Rumors

The wallet reported to come from 3AC has simply dropped listed below its upkeep level suggesting the liquidation of over $200 M ETH may loom

1 minutes read

Updated: June 15, 2022 at 11: 04 am

3AC wallet drops below liquidation level risking over $200 million in ETH

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A wallet reported to come from financial investment company 3AC has actually simply dropped listed below the limit for liquidation.

The business had more than $184 million in stablecoin loans collateralized by $222 million in wETH. A health element above 1.0 is needed to ward off liquidation. As the rate of Ethereum dropped listed below $1,047, the wallet is now allocated for liquidation.

3AC wallet

As of press time, there has actually been no on-chain action to recommend the loan has actually been liquidated, according to Etherscan Without the implementation of additional capital, a liquidation occasion is impending.

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