The well -known merchant known as the whale “50x ETH”, which previously cost $ 4 million to hyperliquid, again made the headlines. This time, he bets Grand on Chainlink (link). In the last 45 minutes, he deposited USDC 2.875 million in the hyperliquid to open a long lever effect position with a 10x lever effect.
Here is everything you need to know.
A story of risk and reward
Since February 7, this merchant has won $ 16.4 million by overthrowing lever -effects on ETH, BTC, Hype and YGG. Now, the cryptography community looks closely to see if its latest link bet will bring another big salary or will end with the liquidation. His previous professions not only earned him enormous benefits, but have also expressed their concerns concerning the risks of an extreme lever effect on decentralized commercial platforms.
Big lines of line and signs of selling
On March 14, the whale opened long positions worth around 31 million dollars in connection using a 10x lever effect on the hyperliquid and the GMX, two main perpetual trading platforms. At the same time, it has accumulated about $ 12 million in a occasional connection. However, data on the chain show that it has gradually sold parts of its link assets in the stablescoins, perhaps to lock profits or reduce its exposure.
Previous professions that have shaken the market
The latter decision comes just days after its massive position of $ 200 million and long on March 12, which led to millions of losses for hyperliquidal liquidity suppliers. This trade alone has created a deficit of $ 4 million in the platform liquidity pool while the whale left with $ 1.8 million in profits.
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During the last month, its total hyperliquidal profits are at themselves $ 17 million, according to the web analysis company Lookonchain. The incident has highlighted the dangers of leverage, where traders can control enormous positions with relatively small capital.
Some suspected that he had exploited an escape, but hyperliquid confirmed that everything was in the rules – his professions were completely extremely extreme. In response, the platform tightened its collateral requirements on March 13 to prevent similar situations in the future.
The growing domination of the hyperliquidal market
Despite these controversies, the hyperliquid continues to dominate decentralized decentralized trade. Since its launch in 2024, it took 70% of the market, exceeding competitors like GMX and DYDX, according to the Vaneck research company. The platform recently reached an important step, reaching 1 dollars billion in lifetime negotiation volume, cement its position among the summit Decentralized exchanges.
Is link defined for a break?
Chainlink Prize was everywhere. It increased by more than 150% after Trump won the elections But has since increased from almost $ 30 in December to less than $ 14 now. But with large traders like the ETH 50X whale that jumps, many wonder if Link is about to take another big step. Currently, it has a market value of $ 8.7 billion and is still an important player in the DEFI world.
The 50x ETH whale has made its game. Now it’s up to the market to decide the end of this story.
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Faq
The ChainLink price (link) in 2030 is uncertain, but estimates vary from $ 100 to $ 500 +, according to adoption, DEFI growth and market trends.