The liquidation of the ZKasino-linked wallet’s leveraged Ethereum position occurred after Ethereum’s price dropped below $1,745, hitting a two-year low of around $1,480

Quotes that support claims

The liquidation came after record-breaking sell-offs in traditional equity markets that led to a crypto market correction; ETH’s price fell to a nearly two-year low of $1,480, last seen in May 2023.

According to X user @SigmaSquared, the wallet placed a 20x leverage trade on the price of ether (ETH) that would liquidate if it fell to $1,745. On Sunday, it duly did.