The mysterious HyperLiquid trader is once again in the spotlight with a new trade. Having closed a $524 million BTC short, they have now bet on the MELANIA coin.
New Bet on MELANIA
The trader placed a significant $2.73 million bet on MELANIA with a 5x leverage. The entry point ranged from $0.7307 to $0.7363, but the price fell to $0.7079, resulting in $74,787 in unrealized losses. If the price hits $0.6531, the position will be completely liquidated. The trader initially used $546,929.73 of their own funds and paid $931.39 in fees to maintain the trade.
Previous Risky Trades
The trader is known for massive leveraged bets. Recently, they placed a $333.9 million Bitcoin short with 40x leverage, incurring a $1 million loss immediately. They previously made $1.8 million on a 50x Ethereum long, costing HyperLiquid $4 million, leading the platform to change its rules.
History of Massive Bets and Consequences
The trader frequently employs risky tactics. Their recent $524 million BTC short involved a $85,565 stake with 40x leverage. Despite high risks, their new bet on MELANIA demonstrates their willingness to take risks, utilizing a stacking strategy in chunks.
The enigmatic HyperLiquid trader continues to attract attention with aggressive investments, unafraid to make risky bets despite facing significant losses in the past.
