The “50x Ethereum” whale, which is closely followed by the crypto currency market, had a $ 4 million loss to the Hyperliquid platform in the last period. Now, this famous investor came up again by opening a high leverage position on Chainlink (Link). In the last 45 minutes, it was reported that he opened a 10 -layer leverage long position by depositing 2,875 million USDC to Hyperliquid.

The Ethereum whale made a profit with many subcoins

Since February 7, this investor has earned $ 16.4 million with leveraged transactions such as Ethereum (ETH), Bitcoin (BTC), HYPE and YGG. Now, the crypto community is curious about whether it will get a new big profit with the LINK investment or if it will face liquidation. Although it has made great profits with its past transactions, it has increased concerns about the risks caused by excessive leverage in decentralized trade platforms.

On March 14, the “50x ETH” whale opened a 10 -fold leverage long position on Hyperliquid and GMX platforms. At the same time, the spot purchased about $ 12 million LINK from the market. However, On-Chain data shows that the whale began to sell some of the link assets by turning them into stablecoins. This suggests that the investor either wants to realize his profit or tries to reduce his risk.

Past transactions that shook the market

This new move came after the gigantic $ 200 million ETH long position opened by the “50x ETH” whale on March 12th. The process in question, Hyperliquid’s liquidity providers, millions of dollars of damage, while the whale earned $ 1.8 million. According to the data provided by LOOGONCHAİN, in the last month, it only made over $ 17 million profits over Hyperliquid.

Although some users claim to benefit from an open door of the whale, the Hyperliquid administration, all transactions are within the scope of platform rules, he said. However, in order to prevent such transactions with excessive risk, it decided to tighten the requirements of collateral on 13 March.

Despite all the discussions, Hyperliquid continues to lead in the trade -free derivative trade. Since its release in 2024, it has seized 70 %of the market, leaving its competitors such as GMX and DYDX behind. According to the research company Vaneck, Hyperliquid has recently become one of the largest decentralized stock exchanges by overcoming the total transaction volume of $ 1 trillion.

Is the Chainlink price ready for a new movement?

Chainlink’s price has been following a wavy course recently. Although Trump won the US elections up to 150 %, the price, which reached almost $ 30 in December, has now declined below $ 14. However, the introduction of large investors such as “50x ETH” whale increases the speculation that LINK can go back to a major rise. He is currently located as one of the important players of the Defi ecosystem with a market value of $ 8.7 billion.