Crypto Whale Opened Chainlink 20x Long Position on Hyperliquid – LINK Price Surged by 4%

Key Points

• The crypto whale’s long position opening triggered a price surge for LINK.
• This is the same whale that caused a $4 million loss in Hyperliquid’s HLP vault on March 12.

A crypto whale just opened his first 20x long position on LINK using the Hyperliquid platform.

This is the same crypto whale called “Hyperliquid 50x leverage makes a profit of 16 million USD,” which triggered a $4 million loss in Hyperliquid’s HLP vault on March 12.

Hyperliquid is a blockchain platform that boosts the performance and efficiency of DeFi apps.

The Crypto Whale Opened 1st 20x Long Position on LINK

On-chain data revealed by ai_968xtpa revealed that this is the eighth opening of the crypto whale. About two hours ago, the whale deposited 1.076 million USDC to Hyperliquid

He opened a 20x LINK long order of over $20.5 million (over 1,45 million LINK). The opening price was $13.78 and the liquidation price was $13.37. This means that if LINK drops below this level, the entire LINK position could be wiped out.

The whale 0xf3F had over $1,58 million in perps, according to on-chain notes.

LINK Price Surged

At the moment of writing this article, LINK is trading above $13,8 following a price spike of almost 4% earlier from $13.36 levels.

The crypto whale’s moves have triggered the sudden price surge for LINK.

According to the same on-chain tracker, the whale opened his seventh position, making a profit of over $1 million.

The Whale Opened Long Orders on ETH and HYPE

This morning, the whale recharged over 4 million USDC to Hyperliquid as margin in two installments opening long orders for ETH and HYPE. He then exited the market with profits three hours later, according to on-chain data.

He made a profit of over $1.19 million with the ETH long order while losing $3,450 on his HYPE long order.

Since March 2, the whale’s seven leverages saw profits of over $1,2 million, with a win rate of 100%. According to official data, the historical cumulative profit of several addresses is close to $16 million.

On March 12, the same crypto whale opened a long ETH position via Hyperliquid and his liquidation triggered a $4 million loss in the HLP vault.