$ETH Whale Risked Opening Multiple Long HYPE, ETH, XRP Positions with Huge Leverage Totaling $314 Million, Now Facing Paper Losses of Over $20 Million

On 07/12, the crypto community is buzzing over an extremely bold move by a whale nicknamed 0xBADBB. This whale used two separate accounts to execute buy orders totaling $314.23 million. The portfolio includes ETH, HYPE, and XRP.

🔸 Notably, these positions are opened with high leverage. This is a very high leverage ratio for such a massive capital volume. mmediately after entering, the market moved against the trade, leaving the whale with a $20.46 million paper loss.

🔸 The use of high leverage for a hundred million dollar position shows extreme confidence or recklessness in a short term price rally. However, a market correction of just 10 to 15% could trigger massive liquidation risks if collateral is not topped up.

How would you handle waking up to a $20 million loss? Cut loss immediately or keep hodling with iron faith?

News is for reference, not investment advice. Please read carefully before making a decision.