The anonymous trader known for his Ethereum trade on Hyperliquid has placed a new bet on Chainlink, opening a $31 million long position with 10x leverage.
New Trade on Chainlink
On March 14, the trader known as 'ETH 50x Big Guy' opened a long position in LINK worth approximately $31 million on Hyperliquid and GMX platforms using a 10-fold leverage. This comes after a successful trade in Ethereum previously conducted on Hyperliquid.
Situation Development and Transactions
In the following hours, the trader gradually reduced his LINK holdings through small swaps back into stablecoins, based on blockchain data from Debank.
Trader's Previous Earnings History
On March 12, the trader intentionally liquidated a $200 million ETH position, causing Hyperliquid to incur a $4 million loss and earned about $1.8 million. Over the past month, his profits amounted to nearly $17 million.
The trader's actions highlight the challenges for high-leverage platforms like Hyperliquid, demonstrating significant earnings on volatile markets.
