Whale’s Massive $4.77 Million Loss: The Risks of 25x Leverage Shorting ETH

On May 9th, COINOTAG reported significant activity in the cryptocurrency market, highlighting the recent maneuvers of a **whale** in the Ethereum (ETH) ecosystem. According to data from **LookIntoChain**, this investor executed a **short position** on ETH using an aggressive **25x leverage**, culminating in a staggering **loss of $4.77 million** within just eight hours. Initially, this whale had injected approximately **$5.08 million** into the trading platform **HyperLiquid** to establish their position. However, following the price fluctuations, their account balance plummeted to a mere **$0.31 million**. This incident underscores the inherent volatility of the cryptocurrency market and serves as a cautionary tale regarding the risks associated with high-leverage trading strategies. Investors and traders alike should exercise caution and analyze market trends thoroughly before engaging in similar high-stakes transactions.