Entity Sells 31,700 ETH on Hyperliquid via 11 Wallets to Repay Aave Debt

An unidentified entity sold 31,700 ETH (about $80.8 million) on Hyperliquid through 11 wallets over the past 5 hours on February 4 to repay its Aave loan, MLM data show. The entity has sold a total of 47,000 ETH (about $120 million) on the platform over the past 4 days. The entity holds 49,600 ETH (about $112 million) as collateral on Aave while borrowing $86 million in USDC, with the position nearing liquidation as ETH prices fall. Related addresses include 0xc1ae7B499fA724A4A5098d308eBAcb49B7272e2c, 0xC7880fC94d88476c0df9272928645834E6F39854, 0xdb906D0dfd17C05DF42B9A20EBd1287Ff88Cb13, 0xaDfFE2BEAfaE564E6FE372d660AA8b27767F2B33, 0x04c58EE5E5FC5f56A824184c5d88e94B7cA4aA76, 0x57f4Fb3bd619f50d0fe74aaaCff723494CfDE132, 0x2BFA70961B22af71E41028E57D18AA23e640971, 0x0246B8b0CF8c681a14EefDDa6Db2f9f8Ae28DEF2, 0x23B6820d1563a21Ba1D81631214fccBAd72982c2, 0xe7CEAD883de35F04778aAa0F8Cd155a5c4400619 and 0xf9d1540285DcC0582aa32852af7cf9Ed0205Ebf5.