The post Massive Cryptocurrency Whale is on the Brink: If This Altcoin Falls Any Further, It Will Be Completely Liquidated appeared on BitcoinEthereumNews.com.

With the recent decline in the cryptocurrency market, a crypto whale appears to be about to undergo a serious liquidation. According to Onchain data, a crypto whale has come close to the brink with a $20 million SUI long position. The crypto whale in question had recently deposited $4.1 million worth of SUI and $470,000 worth of sSUI into Suilend, in exchange for a $14.4 million stablecoin loan. With a serious decline in the cryptocurrency market led by altcoins, this crypto whale will be completely liquidated if the SUI price drops below $4.45. It is not yet known whether the crypto whale will add new funds to prevent his position from being liquidated. The SUI price has dropped by around 9% in the last 24 hours and is trading at $4.45 at the time of writing. SUI, which is among the largest altcoins in the world with a market value of $ 13.38 billion, was launched in the summer of 2023 and attracted a lot of attention. The altcoin rose to its all-time high price level two days ago. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/massive-cryptocurrency-whale-is-on-the-brink-if-this-altcoin-falls-any-further-it-will-be-completely-liquidated/

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Filed under: News - @ January 8, 2025 9:25 pm