The White Whale currently holds a large long-term position on Hyperliquid with a total value of approximately 410 million USD, including 63,200 ETH and 745,000 SOL.
MAIN CONTENT
The White Whale holds a total of 410 million USD position in ETH and SOL on Hyperliquid.
The observed data is provided by the Ember monitoring platform.
What cryptocurrency position is The White Whale holding on Hyperliquid?
The White Whale holds a long-term position consisting of 63,200 ETH and 745,000 SOL through the main account and five sub-accounts on Hyperliquid. The estimated total position value is approximately 410 million USD, indicating a significant investment level in these two types of tokens.
The use of multiple accounts allows this whale to optimize capital management as well as trading strategies, while minimizing concentration risk. This is a testament to extensive experience and expertise in managing large-scale cryptocurrency portfolios.
How has The White Whale generated profits since the beginning of July?
Since the beginning of July, The White Whale's account value has increased from an initial capital of approximately 21.18 million USD to 72.78 million USD, recording cumulative profits of 51.6 million USD on Hyperliquid. This demonstrates effective investment and risk management strategies.
Significant cryptocurrency market fluctuations in the last two months have been successfully leveraged by this whale to increase profits. The return on initial capital is clear evidence of The White Whale's investment experience and ability to accurately assess market trends.
"Diversifying positions and leveraging sub-accounts help optimize risk management efficiency, while maximizing opportunities in the highly volatile cryptocurrency market."
Cryptocurrency Analyst, 2024
How is this data provided and validated?
Information about The White Whale's position is tracked directly by the Ember monitoring platform, a reputable entity in on-chain analysis and trading activities of global cryptocurrency whales.
Ember provides transparent data, helping investors and analysts assess market movements of major influencers, thereby making more accurate investment decisions in the complex cryptocurrency environment.
Frequently Asked Questions
Who is The White Whale in the cryptocurrency market?
This is the nickname of a prominent cryptocurrency whale, holding a large volume of assets on exchanges and trading platforms like Hyperliquid.
What is Hyperliquid and why is it popular?
Hyperliquid is a prominent cryptocurrency derivatives trading platform with high liquidity and support for multiple sub-accounts, suitable for professional investors.
How is The White Whale's cumulative profit calculated?
Based on the asset value difference from an initial capital of 21.18 million USD increased to 72.78 million USD on the same trading platform over a specified period.
How does on-chain data analysis benefit investors?
On-chain data provides transparent information about whale trading activities, helping to predict market trends and make reasonable investment decisions.
Why is managing multiple accounts an advantage?
This helps diversify risks, optimize capital, and be flexible in trading strategies, suitable for large-scale professional investors.
Source: https://tintucbitcoin.com/ca-voi-nam-63-200-eth-745-000-sol/
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!
