Mysterious 50X Ethereum Whale Who Earned $16 Million in a Short Time Has Long Position in a New Altcoin!

The giant whale, which made a name for itself with its successful transactions in the fluctuating market, opened leveraged transactions again.

The mysterious whale, which attracted attention with its Ethereum (ETH) leveraged transactions during the sharp declines, opened its new position for Chainlink (LINK).

According to Spot on Chain's share, the mysterious whale, which previously earned $16.4 million by opening long and short positions in Bitcoin, Ethereum, HYPE and YGG***, opened a long position in LINK this time.

According to the data, the whale deposited approximately $2.8 million in USDC on the Hyperliquid exchange and opened a long position with 10x leverage for LINK with this money.

"The "50x ETH" whale that cost Hyperliquid $4 million is back; this time he's betting big on LINK!

Whale went long on LINK with 10x leverage on Hyperliquid with 2,875M USDC in the last 45 minutes.

Since Feb. 7, this investor has earned $16.4 million by making quick long/short positions on ETH, BTC, HYPE, and YGG on Hyperliquid.

Will this LINK long pay off?"

The same whale also spent 7.1M USDC to buy 506,226 LINK at an average price of $14.03.

It sold 1,108.83 ETH for 2.1M USDC and withdrew another 5M $USDC from Spark for purchases. However, the whale's LINK position is currently at a loss of about $194,000.

The "50x ETH" whale that cost Hyperliquid $4M is back—this time betting big on $LINK!

In the past 45 minutes, the whale deposited 2.875M $USDC to #Hyperliquid to open a $LINK long position with 10x leverage.

Since Feb 7, this trader has raked in $16.4M, flipping quick... pic.twitter.com/Hm83o0VKPj

— Spot On Chain (@spotonchain) March 14, 2025