Crypto Whale Sells $45 Million in Ethereum and Opens Leveraged Positions

A Hyperliquid whale opened the platform’s largest SILVER long at $4.08M with 20x leverage, highlighting intensified high-risk trading in precious metals and crypto derivatives.

ETH
SOL
HYPE

Summary

A whale identified as 0x535 on Hyperliquid initiated a 20x leveraged SILVER long on February 25, scaling it to $4.08 million, marking the largest SILVER long on the platform. The position, entered around $87 with a rolled average at $88 and liquidation price at $85, is currently up 36%. Despite this gain, the address suffered a $1.41 million weekly loss from longs in silver, HYPE, and ZEC. This update adds to earlier trading activity that saw multi-million-dollar leveraged positions in ETH and SOL and cumulative losses exceeding $8 million, illustrating continued high-risk exposure.

Terms & Concepts
  • Whale: An individual or entity holding large amounts of cryptocurrency, capable of influencing market prices.
  • Leverage: Borrowed capital used by traders to increase exposure and potential returns; also amplifies risk.
  • Liquidation Price: The price at which a leveraged position is automatically closed by the exchange to prevent further losses.