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

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.

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