Dormant Crypto Whale Opens $11.75 Million Leveraged Ethereum and HYPE Trades

According to Onchain Lens, a previously inactive whale returned after eight months to open 2x leveraged ETH and HYPE positions, while a separate OnchainLens report highlighted a 25x GOLD long and 20x crude oil short.

ETH
HYPE

Summary

According to Onchain Lens, a dormant crypto whale resumed trading on May 26 after eight months of inactivity by opening leveraged positions with a combined stated value of $11.75 million: a 2x long on 2,839 ETH and a 2x short on 94,101 HYPE. A separate OnchainLens report on May 24 described a whale opening a 25x leveraged $12.6 million long position in GOLD while also holding a 20x leveraged crude oil short showing more than $324,000 in unrealized profit. The reports describe different leveraged directional trades by large market participants, with the newer topic providing updated details on the returning whale’s crypto positions.

Terms & Concepts
  • Whale: A market participant with very large capital whose trades can influence price action and sentiment.
  • Leverage: The use of borrowed exposure to increase position size, amplifying both potential profits and losses.
  • Long position: A trade that profits if an asset’s price rises, while a short position profits if the asset’s price falls.