How a Solend Whale With a $108M Loan Nearly Crashed the Solana Network

[Triedboy]

A Solana whale nearly drained a liquidity pool, and it would have caused some major ripples—let’s dive in. Had the price of SOL continued to drop, and the $21 million in SOL collateralizing the loan gone into liquidation, Solend would have been left with almost no SOL. The project's co-founder suggested that the rush to buy up that much SOL for cheap could have crashed the $2.6 billion Solana network.

Early on Tuesday, the protocol announced that the whale borrower had moved $25 million worth of USDC debt to Mango Markets, another Solana-based lending protocol, thereby alleviating Solend of some of the burden and reducing the protocol’s risk.more info