High Risk! High Reward! ETH Whale Makes $2.15M in 50 Minutes

• Ethereum whale profits $2.15M in 50 minutes through 50x leveraged trade on Hyperliquid.
• Whale’s 50x leveraged Ethereum position grew to $53.7M, locking in a $2.15M profit.
• Ethereum stablecoin market sees $1.3B surge, with Hyperliquid losing $77M in stablecoins.

Lookonchain, an analytical platform, reported a remarkable trade by an Ethereum whale on Monday. The whale possibly armed with insider information made $2.15 million in just 50 minutes by selling 947 ETH for USDC and taking a high-leverage position. This move showcases the whale’s sharp trading skills and a keen understanding of the market. This quick profit reflects the high stakes and volatility of the cryptocurrency world.

The whale sold 947 ETH for $1.95 million in USDC and the proceeds were immediately deposited into Hyperliquid. From there, the whale took a 50x leveraged long position on Ethereum. The position grew rapidly, reaching 25,095 ETH, valued at $53.7 million. The liquidation price for this position was set at $2,008, adding a layer of risk to the trade.

Swift Action Leads to Rapid Profit

As Ethereum’s price began to rise, the whale acted swiftly. Within minutes, the market movement allowed the trader to close the position, resulting in a substantial $2.15 million profit. This trade follows the whale’s previous success in the market. The whale had previously earned $6.8 million by going long on Bitcoin and Ethereum with 50x leverage, just before former President Trump’s executive order on digital assets.

Related: BBVA Gets Approval to Offer Bitcoin and Ethereum in Spain

In the last seven days, the Ethereum blockchain saw a significant increase in stablecoin activity. USDT and USDC, two popular stablecoins, surged by $1.3 billion on the Ethereum network. However, the same coins on Hyperliquid saw a decrease of $77 million. This shift highlights the changing flow of funds in the Ethereum market.

The whale’s latest move has drawn attention from market analysts. This kind of high-leverage trading shows that high-risk trading can generate high gross revenue in a short span of time. Currently, Ethereum’s price remains volatile, and investors are trying to identify the direction the coin will take. This trade is evidence that the crypto market is volatile, and beginners have chances to earn money only if they are able to make the right decisions.

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