The legendary whale, known in the market as the “50x ETH whale” and talked about for his high leveraged transactions in recent days, has made new transactions.
Accordingly, the whale, which last opened a 40x short transaction in Bitcoin, closed this short position after monetary inflation concerns decreased and the lower-than-expected CPI data gave an optimistic signal for Bitcoin.
According to the data, the mysterious whale made a profit of approximately $10 million in 8 days after closing a 40x leveraged short position for 6,210 Bitcoin.
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The whale immediately closed its Bitcoin short position and spent $6.11 million to buy Ethereum (ETH). The whale also bought $3.28 million worth of PAX Gold (PAXG).
While the giant whale continues to be talked about for its high-risk leveraged trades, its identity remains unknown.
However, crypto detective ZachXBT has claimed that the widely discussed “Hyperliquid 50x leverage whale” is actually a cybercriminal who gambled away stolen funds through high-leverage trading.
ZachXBT also noted that the address has no connection to the North Korean hacker group Lazarus Group.
It’s funny watching CT speculate on the “Hyperliquid whale” when in reality it’s just a cybercriminal gambling with stolen funds.
— ZachXBT (@zachxbt) March 18, 2025
*This is not investment advice.
