In the past week, the famous whale "The White Whale" used 4 different wallets to execute long orders on ETH and SOL on the HyperLiquid platform, earning nearly 30 million USD.
The professional trading activities of this whale demonstrate experience and effective strategies in the cryptocurrency market, certified by monitoring data from Lookonchain.
MAIN CONTENT
The White Whale used 4 wallets to increase its position in ETH and SOL.
Profits earned nearly 30 million USD in a week.
Verified data from Lookonchain helps to clarify whale activities.
What exact trades has the whale "The White Whale" executed on HyperLiquid?
Official information from Lookonchain clearly indicates that "The White Whale" used 4 wallets to place long orders on ETH and SOL at HyperLiquid, leveraging market fluctuations to maximize profits.
Through on-chain analysis data published on July 20, this transaction shows a deep understanding of technical trends and skilled risk management by this whale.
"Success in trading comes from technical analysis and strict capital management. The White Whale uses a multi-wallet strategy to minimize risk and maximize profits."
Nguyễn Văn Hùng, Cryptocurrency Analyst, 2024
What is the key to success in whale trading in the cryptocurrency market?
Experts often emphasize that market understanding, technical analysis, and the use of appropriate capital management tools help whales maintain stable profits.
The White Whale has leveraged the HyperLiquid platform with moderate leverage, combining a multi-wallet strategy to increase accuracy and minimize liquidation risk, thereby earning nearly 30 million USD in just one week.
The role of the HyperLiquid platform in whale trading
HyperLiquid is rated as a high-performance derivatives trading platform, providing good liquidity and a variety of derivative tools.
Many reports from the cryptocurrency community in 2024 have recognized HyperLiquid as the preferred destination for individual traders and large whales due to competitive trading fees and a stable platform.
An example of the profit impact of whale trading on the cryptocurrency market
The fact that whale The White Whale earned nearly 30 million USD in a short period reflects strong momentum in the ETH and SOL markets, creating a positive psychological effect for small investors.
The 2024 report from the Vietnam Blockchain Research Institute shows that large whale trades are often a sign of short-term bullish trends.
Frequently Asked Questions
What are cryptocurrency whales and how do they affect the market?
Whales are investors who own a large amount of coins or tokens, capable of significantly impacting prices with large trades. They often create trends and volatility in the market.
What distinguishes HyperLiquid from other platforms?
HyperLiquid provides derivatives contracts with low fees, flexible leverage, and various risk management tools, attracting capital flows from both small investors and large whales.
How to track whale activities in the cryptocurrency market?
On-chain tracking platforms like Lookonchain can be used to monitor large wallets, helping to predict trends and make more effective investment decisions.
What risks do whales pose to small investors?
Whales can cause strong price fluctuations, sometimes creating pump and dump scenarios. Investors should apply risk management and closely monitor the market.
How long was the whale's profit of nearly 30 million USD recorded?
This profit activity occurred within a week, according to monitoring data from Lookonchain published on July 20, 2024.
Source: https://tintucbitcoin.com/eth-sol-ca-voi-trang-lai-gan-30-trieu/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
