A crypto whale lately misplaced $306.85 million after he exhausted his bets on Ethereum and received liquidated. The dealer had been utilizing 50x leverage to place all of his bets on ETH, hoping the worth would recognize, however the market didn’t go his means.
In keeping with Lookonchain’s report on X, the whale first started buying and selling the asset on March 10, 2025. He offered 947 ETH models for $1.95M in USDC and used it to lengthy ETH on Hyperliquid. He stored stacking up the bets till he made 25,095 ETH, which is roughly 53.7 million {dollars}.
All through the next two days, the whale stored including extra ETH, ultimately pushing his place to 73,076 ETH price $138.75 million.
This morning, the dealer moved all his BTC trades to ETH, additional rising his place to 140,458 ETH ($269.8M). His entry value was $1,900.28, and his liquidation degree was set to $1,805. At one level, the dealer was up $3.65M, however then issues began turning unhealthy.
ETH’s value dropped and fell under the whale’s liquidation value. Inside minutes, his whole place was worn out. “This whale simply received liquidated for 160,234 ETH ($306.85M)!” Lookonchain confirmed.
This is likely one of the greatest single liquidations in crypto historical past. Buying and selling with 50x leverage is dangerous. Even small value drops can wipe out a whole place. This whale’s high-stakes gamble failed, and now the entire crypto house is speaking about it.
One person on X said, “Excessive leverage, excessive penalties. Whale’s $300M+ ETH place simply received wiped at $1,877. This is the reason buying and selling with leverage is mainly playing – one flawed transfer and it’s recreation over. Let this be a lesson in danger administration.”
Some merchants even began questioning if the whale had inside data. Whether or not this can be a results of unhealthy luck, poor technique, or one thing else, nobody would know. However one factor is for certain, crypto could make or break fortunes in a blink.
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