XVS experienced a sharp 40% drop from $5.3 to $3.1 within a day, leading to significant liquidations. A whale who recently purchased 532,000 XVS tokens for $2.81 million through leveraged borrowing on the Venus platform faced liquidation. The whale had borrowed 1.4 million USDT to buy the XVS tokens, but as the price plummeted, 287,000 XVS were liquidated to repay $930,000 USDT at a liquidation price of $3.23, resulting in a $1.09 million loss. Post-liquidation, the whale's position remains precarious with a health factor of just 1.07. If XVS falls below $3.2, further liquidations are likely.