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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Post original content on Gate Square related to WXTM or its
The Mysterious Giant Whale, Which Was Deliberately Liquidated with 50x Leverage on Ethereum, Closed Its Long Positions in Another Altcoin This Time!
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%.