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Ethereum Lending Markets Face 2nd Largest Liquidation in History Amid ETH Plunge!

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By on September 4, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Ethereum Lending Markets Face 2nd Largest Liquidation in History Amid ETH Plunge! appeared first on Coinpedia Fintech News

The Ethereum on-chain lending markets witnessed the 2nd largest wave of liquidations, after the 2021 market correction. The sharp move comes with the Ethereum token price falling 22% month-over-month, with the lowest price point marking a 35% drop. The massive sell-off triggered liquidations worth $436 million throughout Ethereum’s lending platforms. On the contrary, AAVE took a massive hit for $289 million, or 66% of total liquidations.

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