The Mystery Giant Whale that Deliberately Liquidated Ethereum with 50x Leverage Closes Long Positions, This Time in Another Altcoin

by Louvenia Conroy

A whale, who only in the near previous opened a 50x prolonged diagram on Ethereum (ETH) and used to be identified for deliberately liquidating it, seems to dangle diagram his sights on Chainlink (LINK) this time.

Per the information, the whale wallet sold 18.36 million LINK worth $1.34 million in the closing two hours, incurring an total lack of $512,000, or 2.7%. On-chain data displays that the favorite LINK mark for the sale used to be $13.7.

In addition, the information reveals that this whale also closed prolonged positions for LINK on GMX, and on this platform the whale made a earnings of $195,000. On the Hyperliquid platform, the cryptocurrency whale, the LINK whale, closed prolonged positions and transformed them into Bitcoin brief positions with 40x leverage, and at the time of writing this text, it has an unrealized earnings of $290,000.

This habits by the whale wallet came after the tokens from Chainlink’s most important token unencumber entered the market and the BTC mark increased by 4%.

*Here’s now not funding advice.

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