Lookonchain (@lookonchain): The whale deposited 4.08M $USDC into #GMX to short $ETH but quickly closed the position and switched to a long, securing a $177K profit.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC-50Negative
- ETH+70Positive
- GMX+30Positive
- HYPERLIQUID-40Negative
The whale deposited 4.08M $USDC into #GMX to short $ETH but quickly closed the position and switched to a long, securing a $177K profit. He also deposited 2.3M $USDC into #Hyperliquid to long $ETH with 25x leverage and short $BTC with 40x leverage. https://x.com/lookonchain/status/1899803844567343331 https://t.co/WIGIawFoix Quote [@lookonchain](https://www.twitter.com/lookonchain/status/1899803844567343331) > A whale opened a long position of 175,179 $ETH($335.6M) with 50x leverage today. > > He actively closed 14,945 $ETH($28.7M), leaving 160,234 $ETH($306.85M) to be liquidated, making a profit of $1.86M, causing Hyperliquidity Provider(HLP) to lose $4M in the past 24 hours!… https://t.co/hbCsE2jctU Quote [@lookonchain](https://www.twitter.com/lookonchain/status/1899803844567343331) > A whale opened a long position of 175,179 $ETH($335.6M) with 50x leverage today. > > He actively closed 14,945 $ETH($28.7M), leaving 160,234 $ETH($306.85M) to be liquidated, making a profit of $1.86M, causing Hyperliquidity Provider(HLP) to lose $4M in the past 24 hours!… https://t.co/hbCsE2jctU