In other news: More than 140 Pudgy Penguins loans on Blur could be liquidated within the next 24 hours.
For all of them borrowed amount of ETH > current floor price (LTV > 100%) and >> highest loan offer, so borrowers are likely to default.
In this case, lenders will receive the NFT instead of their money back.
Pudgy Penguin's floor price down -16% today. A few other ecosystems are also just a small drop in floor price away from quite a few underwater loans.
Be careful with leverage on NFT buys
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