“People sold ezETH on Uniswap, and they had lower liquidity, so the slippage caused the price to drop to below $700, which caused massive liquidation on [generalized leverage protocol] Gearbox and [lending protocol] Morpho,” Hitesh Malviya, founder of crypto analytics platform DYOR, told CoinDesk.
![wp-header-logo-58png - Eric Liboiron La Presse](https://i0.wp.com/ericliboironlapresse.com/wp-content/uploads/2024/09/wp-header-logo-58.png?fit=1200%2C628&ssl=1)