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thomasg.eth Sells 12,131 ETH for $24.24M USDC to Repay Aave Debt

12,131 ETH Converted to $24.24M USDC in One-Hour Transaction to Settle Outstanding Loan

Sathish Kumar Kaliraj by Sathish Kumar Kaliraj
March 3, 2026
in Market Updates
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thomasg.eth(@thomasg_eth) sold 10,000 $ETH($19.95M) at an average price of $1,995 in the past 30 minutes to repay his debt on Aave
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  • 10,000 ETH sold
  • Total value: $19.95 million
  • Average execution price: $1,995 per ETH
  • Timestamp: March 3, 2026 – 05:17:11 UTC
  • Debt repayment on Aave
thomasg.eth Sells 10,000 ETH for $19.95M to Repay Aave Debt
thomasg.eth Sells 10,000 ETH for $19.95M to Repay Aave Debt

On March 3, 2026, at 05:17:11 UTC, the wallet identified as homasg.eth (@thomasg_eth) executed the sale of 10,000 ETH over a 30-minute period. The transactions were completed at an average price of $1,995 per ETH, resulting in a total realized value of $19.95 million. On-chain data confirms that the proceeds from the sale were used to repay debt on Aave, establishing a direct connection between the ETH liquidation and a decentralized lending protocol liability settlement. The activity represents a single high-value asset disposal conducted within a defined timeframe.

The recorded on-chain movement shows a concentrated ETH liquidation tied to a DeFi debt repayment event. The sale size, execution window, total value, and average price provide clear quantitative metrics of the transaction. The timestamped data highlights real-time visibility into capital movement and protocol interaction, with the ETH sale directly linked to debt reduction on Aave.

Latest Update News (05:38:59 UTC)

thomasg.eth Sells 12,131 ETH for $24.24M USDC to Repay Aave Debt
thomasg.eth Sells 12,131 ETH for $24.24M USDC to Repay Aave Debt

On March 3, 2026, at 05:38:59 UTC, wallet address thomasg.eth executed a significant on-chain transaction involving the sale of 12,131 ETH. The total transaction value amounted to $24.24 million USDC, with the Ethereum sold at an average price of $1,998 per ETH.

Purpose of the Sale: The transaction was executed to repay an outstanding loan. The funds received in USDC were directed toward settling the debt obligation.

On-Chain Activity Overview

The exchange from ETH to USDC reflects a direct conversion into a stablecoin to facilitate loan repayment.

The transaction data confirms:

  • A single consolidated ETH disposal totaling 12,131 ETH
  • Conversion into $24.24 million USDC
  • Execution price fixed at $1,998 per ETH
  • Timestamp recorded at 05:38:59 UTC

The wallet thomasg.eth completed the sale of 12,131 ETH for $24.24 million USDC at $1,998 per ETH on March 3, 2026 (05:38:59 UTC). The transaction was carried out to repay an existing loan, with the full proceeds allocated toward debt settlement.

Disclaimer: Cryip's content is strictly for educational and informational purposes and does not constitute financial, legal, or investment advice. Cryptocurrency involves significant risk, and readers assume full responsibility for their own financial decisions. Asset references are never endorsements.

To make complex crypto topics accessible to readers at all experience levels, our team uses AI tools strictly to refine language, correct grammar, and simplify terminology. AI is never used to draft facts, source information, or form conclusions. Every article is fact-checked and approved by a human editor before publication. Read our full AI Use & Content Policy.

Tags: Ethereum
Sathish Kumar Kaliraj

Sathish Kumar Kaliraj

Sathish Kumar Kaliraj is a crypto journalist and data analyst at Cryip, covering on-chain activity, market movements, and regulatory developments across the crypto industry. His reporting combines statistical analysis and blockchain data verification, drawing on certifications in data journalism, fact-checking (IFCN, Google News Initiative), and journalism fundamentals (NBC Universal Academy). His work has been cited by Coincu, Tech Times, and Bitcoinist.

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