The most tracked whales in crypto have been completely liquidated - billions gone in an instant. The crypto streets never stay quiet for long.
The most tracked whales in crypto have been completely liquidated - billions gone in an instant
The crypto streets never stay quiet for long, and today, they are screaming. One of the most closely tracked whales in the game has been completely liquidated, wiping out a multi-billion dollar portfolio after making some extremely high-risk bets.
Yes - that whale. The whale that everyone was watching. The one that dropped 8 and 9 figure bags across multiple chains, and the markets moved with a single click. It turns out even the biggest fish can get fried when they go too deep.
What happened?
In short: the whale was betting big - and wrong. Using massive leverage across multiple DeFi and CeFi platforms, they piled into long positions on ETH, BTC, and some mid-cap altcoins before the market pulled a harsh reversal.
The liquidation engines didn't flash. Once prices fell below key thresholds, billions in positions began to cascade into forced sales. The whale couldn't post collateral quickly enough, and the rest is history.
Chaos on-chain
Portfolio watchers knew something was wrong. Suddenly, the addresses linked to the whale started moving collateral like crazy - swaps, bridges, last-minute deposits. Panic set in. But it was too late. Smart money turned into scared money, and block explorers told the story in real-time.
Some protocols even struggled to cope with the volume. Slippages increased. Liquidity was pulled. Prices dropped further. A harsh feedback loop - and it all started with one whale's overconfidence.