ETH Trader Profits $5,000 in Hyperliquid’s $9.28 Million Whale Trade Despite Liquidation

COINOTAG News reported on March 11th that a significant trading maneuver was observed within the crypto space. The entity known as the Hyperliquid 50x Leveraged Whale, which previously secured a staggering $9.28 million profit, has engaged in another substantial position by going long at a 50x leverage on Ethereum (ETH). Just three minutes ago, this whale deposited 3.56 million USDC to the Hyperliquid platform as margin, subsequently initiating a long position amounting to 5,676.22 ETH at an entry price of $1912. Remarkably, the entire stake was liquidated only two minutes later, culminating in a swift gain of $5,000. Following this transaction, an impressive total of $3.605 million was withdrawn, comprising both the principal and accrued profits, emphasizing the volatility and rapid trading dynamics within the crypto markets.