A well-known crypto investor, known as 'ETH 50x Big Guy', returned to active trading by executing multiple strategic cryptocurrency transactions in a single day.
Ethereum Sell-Off and LINK Accumulation
The whale initiated sessions by exchanging 1,108.83 ETH for $2.1 million in USDC. These funds were then invested in 150,465 Chainlink ($LINK) tokens at an average price of $13.98 per token. The CoW Protocol’s Settlement Contract completed this significant purchase.
High-Risk Leverage Play Setback with LINK
Before buying LINK, the trader made a highly leveraged bet of 1.7 million LINK tokens totaling $23.9 million. However, the market did not move in their favor, resulting in a $269,705 loss, with further risk due to LINK price drop.
Multi-Million Dollar Moves on HyperLiquid
The whale also deposited $4.03 million in USDC on HyperLiquid, establishing long positions for ETH and HYPE. Five hours later, they secured $1.8 million in profits from these successful trades.
The crypto industry watches closely as this trader continues to engage in high-risk, large sum trades. The question remains whether they can turn current financial setbacks into profit.
