PANews reported on January 29th that, according to Ember monitoring, the price of XVS plummeted by 40% in a single day (from $5.3 to $3.1), causing a whale's revolving loan position on Venus to be liquidated. The whale had borrowed $1.4 million USDT by pledging XVS two days prior to purchase 532,000 XVS (worth $2.81 million), but today, when the price of XVS fell to $3.23, its position of 287,000 XVS (worth $930,000) was liquidated, resulting in a loss of $1.09 million.

Currently, the whale's position health rate is only 1.07. If the price of XVS falls further below $3.2, its position will face more liquidation risks.