<ul><li>A major Ether investor on the decentralized finance (DeFi) lending platform Sky suffered a $106 million loss after being liquidated.</li><li>The liquidation was triggered when the investor's collateral ratio dropped below the required threshold as the price of Ethereum (ETH) plunged by nearly 14%.</li><li>The broader market sell-off in the crypto industry was influenced by U.S. President Donald Trump's announcement of sweeping tariffs, leading to a drop in Ethereum's price by 14.5%.</li><li>Over $1 billion in losses were recorded due to liquidations in the past 24 hours, with Bitcoin and Ethereum positions being the most affected.</li></ul>

DeFi Whale Sees $106 Million In ETH Liquidated On Sky During Market Meltdown

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