coin-img-ETHETH-2.40%coin-img-HYPEHYPE+2.26%coin-img-XAUTXAUT-0.46%coin-img-ASTERASTER+0.94%coin-img-BTCBTC-0.36%coin-img-SOLSOL+0.31%coin-img-XRPXRP+0.58%coin-img-USDCUSDC-0.04%coin-img-ETHETH-2.40%coin-img-HYPEHYPE+2.26%coin-img-XAUTXAUT-0.46%coin-img-ASTERASTER+0.94%coin-img-BTCBTC-0.36%coin-img-SOLSOL+0.31%coin-img-XRPXRP+0.58%coin-img-USDCUSDC-0.04%coin-img-ETHETH-2.40%coin-img-HYPEHYPE+2.26%coin-img-XAUTXAUT-0.46%coin-img-ASTERASTER+0.94%coin-img-BTCBTC-0.36%coin-img-SOLSOL+0.31%coin-img-XRPXRP+0.58%coin-img-USDCUSDC-0.04%coin-img-ETHETH-2.40%coin-img-HYPEHYPE+2.26%coin-img-XAUTXAUT-0.46%coin-img-ASTERASTER+0.94%coin-img-BTCBTC-0.36%coin-img-SOLSOL+0.31%coin-img-XRPXRP+0.58%coin-img-USDCUSDC-0.04%

Bhutan sovereign fund-linked address sold over 25,000 ETH on Feb. 1 to cut leverage

An address linked to Bhutan's sovereign wealth fund Druk Holdings sold about 25,816 ETH (stETH) on Feb. 1 around 2:30 a.m. to reduce leverage and avoid liquidation, on-chain data show. The sale occurred as Ethereum briefly touched $2,243, with the proceeds used to repay a loan on Aave. As of the report, the address held a health factor of 1.10 on Aave, 78,245.7949 stETH, and an outstanding loan of 137.8 million USDT.
ETH
ETH-2.31%
STETH
STETH-2.27%
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