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XVS plummeted 40% within a day, and a major whale liquidated approximately $1.09 million in losses within an hour.
Foresight News reports that, according to Ember Monitoring, XVS experienced a 40% flash crash within one day (dropping from $5.3 to $3.1). A whale bought 532,000 XVS (worth $2.81 million) on Venus through a flash loan two days ago. During today’s flash crash an hour ago, the whale was liquidated and lost 287,000 XVS (worth $930,000), with a total loss of up to $1.09 million. The whale collateralized XVS on Venus to borrow USDT and continued purchasing XVS, borrowing a total of 1.4 million USDT to buy 532,000 XVS.