The Mysterious Giant Whale, Which Was Deliberately Liquidated with 50x Leverage on Ethereum, Closed Its Long Positions in Another Altcoin This Time!

2025-03-14 15:49:43

Abstract generation in progress

A whale known for deliberately liquidating a (ETH)** 50x long position on Ethereum recently seems to have turned (LINK) its sights to Chainlink this time around.

According to the data, the whale wallet sold 18.36 million LINK worth $1.34 million in the last two hours, resulting in a total loss of $512,000, or 2.7%. On-chain data reveals that the sale in question was made at an average price of $13.7 at LINK.

In addition, the data reveals that this whale also closed long positions for LINK on GMX, where the whale made a profit of $195K. On the Hyperliquid platform, the cryptocurrency whale, the LINK whale, closed their long positions and converted them into Bitcoin shorts with 40x leverage, making an unrealized profit of $290,000 at the time of writing.

The whale wallet’s behavior comes after Chainlink’s massive token unlock caused the tokens to enter the market, causing the price of BTC to rise by 4%.

ETH-3,7%

LINK-3,74%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.