According to MLM monitoring, an entity has been dumping large amounts of ETH on Hyperliquid to repay its Aave loans across 11 wallets. In the past five hours, this entity sold 31,700 ETH (worth $80.8 million) on the Hyperliquid platform, bringing the total sell-off over the past four days to 47,000 ETH (worth $120 million). It is reported that this entity deposited 49,600 ETH (worth $112 million) into its Aave account and used it as collateral to borrow $86 million in USDC. However, due to the decline in ETH prices, the entity's positions are nearing liquidation, forcing it to continue selling ETH to repay its debts and avoid complete liquidation.