The legendary whale known as '50x ETH' has made new transactions in the crypto market after closing his Bitcoin position.
Market Moves and New Transactions
The whale who closed a 40x leveraged short position on Bitcoin after monetary inflation fears subsided and favorable CPI data emerged, made a profit of approximately $10 million, demonstrating his ability to navigate market uncertainties.
Ethereum and PAX Gold Acquisition
Following the closure of the Bitcoin position, the whale spent $6.11 million on Ethereum and $3.28 million on PAX Gold, continuing his high-risk trading activities.
Accusations and Anonymity
Crypto detective ZachXBT has alleged that the known whale might be a cybercriminal gambling with illicitly obtained funds. He stated, 'It's funny watching CT speculate on the “Hyperliquid whale” when in reality it’s just a cybercriminal gambling with stolen funds.'
While discussions around the '50x ETH whale' continue, his identity remains a mystery. Despite suspicions, his bold transactions keep capturing market attention.
