A noteworthy trading record was set in the markets.
In just 4 months, a whale wallet managed to increase its capital from 125 thousand dollars to 29.6 million dollars. The whale achieved a return of 236 times by opening a long position on Ethereum (ETH) during this process.
The mentioned whale started ETH long trades by investing 125 thousand dollars into the Hyperliquid platform about 4 months ago through two different accounts. Continuously adding its profits back to the position, the whale created a massive position of 66,749 ETH (303 million dollars) with this strategy.
It should also be noted that while things have gone well for this whale, engaging in leveraged trades in the already high-risk cryptocurrency market will likely result in the total loss of the principal.
On the other hand, some of the other whale movements observed in the market today were as follows:
A newly created wallet (bc1qvl) recently withdrew 450 BTC (53.1 million dollars) from Binance.
Additionally, it appears that 893,599 ETH (3.96 billion dollars) is queued for unstaking in the market for Ethereum. However, during this time, the whale at address 0x2aC9 opted to swap 4,242.4 stETH for 4,231 ETH (18.74 million dollars) directly instead of waiting, and directed the funds to Kraken for sale. It was reported that this impatient whale incurred a loss of 11.4 ETH (50.5 thousand dollars) in this transaction.
You can stay updated on current developments.
