Whale Hyperliquid sells 3.724 ETH, profit 3.747 million USD

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On May 11, an on-chain analyst discovered a special transaction on the Hyperliquid exchange. A whale using 50x leverage purchased 3,715.5 ETH at a price of 1,493.5 USD per ETH on April 7, totaling 5.5 million USD. After the purchase, this whale made no further moves.

Recently, as the price of ETH surged, this whale decided to sell. As a result, 3,724 ETH was sold in one hour at a price of $2,502.1 per ETH, bringing in $9.29 million. The profit gained was $3.747 million, equivalent to a 67% increase.

The exploitation of price fluctuations and high leverage has allowed whales to achieve significant profits without the need to execute trades immediately after buying. However, this also serves as a reminder that the cryptocurrency market always carries risks and requires careful monitoring and analysis.

The content above is for market information purposes only and is not investment advice. Any investment decision should be based on personal research and the accuracy of strategic analysis.

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KkArtifactvip
· 05-11 12:32
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