Entity sells large amounts of ETH via Hyperliquid to repay Aave loans

An entity sold 31,700 ETH valued at 80.8 million USD through Hyperliquid in 5 hours, totaling 47,000 ETH worth 120 million USD over 4 days.

This entity retains 49,600 ETH as collateral with Aave for an 86 million USDC loan. The current market decline pressured them to sell ETH to avoid liquidation.