Trader swaps $50M USDT for just $36K AAVE on Ethereum.
What happened?
• The trader tried to buy AAVE using $50M in one transaction. • There wasn’t enough liquidity for such a large order. • The swap caused the price to spike massively during the trade. • As a result, the trader received only ~324 AAVE (~$36K).
In short: The order was too big for the available liquidity, causing a huge loss during the swap. $AAVE