Whale deposits $50.5M USDC to Hyperliquid
Opens 5x shorts on BTC, ETH, and SOL
Gains $3.5M+ as market drops
Whale Nets $3.5M Profit by Shorting BTC, ETH, and SOL
A crypto whale has made headlines after depositing a massive $50.5 million in USDC to Hyperliquid, a decentralized perpetual trading platform. Using 5x leverage, the whale opened significant short positions against Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)—a bold bet that has now turned profitable.
With the broader crypto market experiencing a pullback, the whale’s strategy paid off, resulting in over $3.5 million in unrealized gains. The timely move showcases how big players can use decentralized platforms to make high-stakes trades without centralized intermediaries.
A High-Leverage Bet Pays Off
Shorting major cryptocurrencies at 5x leverage is not for the faint-hearted. It increases both the risk and potential reward dramatically. This whale’s calculated risk was well-timed with a downturn in market sentiment, likely driven by macroeconomic fears and profit-taking among traders.
By shorting three of the most closely watched tokens in the space—BTC, ETH, and SOL—the whale bet against the broader trend, and for now, it’s working. This success story highlights the growing role of platforms like Hyperliquid, which offer deep liquidity and fast execution in the DeFi derivatives market.
This whale has deposited a total of 50.5M $USDC into Hyperliquid to short $BTC, $ETH and $SOL with 5x leverage.
As the market dropped, the whale flipped into profit—now sitting on an unrealized profit of over $3.5M!https://t.co/ix4TmncXUnhttps://t.co/DJXUTkIFu1 pic.twitter.com/3y14A4XJfE
— Lookonchain (@lookonchain) May 13, 2025
What This Means for Traders
This move is a reminder that whales can significantly influence market sentiment and direction, especially during periods of volatility. Traders watching on-chain activity often look to these large wallets for clues about future price action.
With $3.5 million in unrealized profits, the whale may soon decide to close positions—or double down if bearish momentum continues. Either way, the crypto community will be watching closely.
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