The suspension is scheduled for about 2 p.m. ET (19:00 UTC) across Coinbase.com, Coinbase Exchange and Coinbase Prime.
Founder Eli Ben-Sasson is considering an independent Layer 1 focused on post-quantum and AI-resistant cryptography, with a 2027 target.
The liquidated position was valued at $69.69 million, while the whale continued holding 78,955 ETH in long positions.
The liquidation was valued at about $69.69 million, while the remaining leveraged position was worth roughly $196 million.
The whale’s remaining Ether long position is valued at about $196 million, with liquidation prices set at $2,299.09 and $2,286.28.
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