Crypto Whale ‘ETH 50x Big Guy’ Makes Waves with Multi-Million Dollar Trades

A well-known crypto investor, frequently known as “ETH 50x Big Guy”, returned to trading with multiple strategic cryptocurrency transactions. The unknown investor performed a substantial transaction with Ethereum, USDC, and Chainlink ($LINK) tokens all in one day.

$2.1M Ethereum Sell-Off and LINK Accumulation

The whale started their trading sessions by exchanging 1,108.83 ETH tokens for $2.1 million worth of USDC cryptocurrency. The investor invested the stablecoins directly into 150,465 Chainlink ($LINK) tokens by purchasing them at an average price of $13.98 per LINK token. The CoW Protocol’s Settlement Contract completed this massive purchase which proved to be one of numerous deals executed within a single day.

High-Risk Leverage Play Backfires

Before purchasing LINK, the trader placed an extremely leveraged bet with 1.7 million LINK tokens amounting to $23.9 million. The market movement failed to work in their direction. The trader’s $269,705 position loss occurred during the first hours, and the vulnerability to liquidation remains active due to LINK price drops.

Multi-Million Dollar Move on HyperLiquid

Before buying and leveraging on LINK, the whale also deposited $4.03 million worth of USDC on HyperLiquid all in the same day. Then, the whale established long positions for ETH and HYPE tokens. Five hours later,, the whale clinched $1.8 million in profits from their successful bet.

The Crypto Market Predicts Future Activities for the Whale

The cryptocurrency industry keeps a close eye on the next actions of this high-risk trader who uses aggressive trades with large leverage positions. The fundamental concern remains whether they can transform their present financial deficits into profits or whether they face another future bankruptcy situation. The market watches closely as the whale continues to wager major sums of money through risky speculative trades.