Ethereum Price Dip to $2.42K Liquidates a $69M Whale Who Reloaded Again
Key Summary
A significant Ethereum price drop to $2,420 has led to the liquidation of a $69 million whale investor who had been buying up the cryptocurrency, according to reports. The whale investor, known for their significant purchases, has been spotted selling their holdings after the price drop, resulting in a substantial loss for the investor. This event highlights the volatility of the cryptocurrency market and the importance of diversifying investment portfolios.
A Hyperliquid whale lost 28,716 ETH worth $69.69 million to forced liquidation in the overnight crash. Within half an hour it had wired in fresh margin and opened a new ether long. The Position Before the Drop The whale first surfaced on Oct. 7, when onchain trackers traced margin deposits into three Hyperliquid addresses. Together […]