The cryptocurrency trader whose ultra-leveraged Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/ethereum-price”>ETH) trade tested Hyperliquid’s limits on March 12 has entered another multimillion-dollar position, this time in Chainlink ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/chainlink-price-index” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/chainlink-price-index”>LINK), onchain data shows.
On March 14, the anonymous whale, referred to on X as “ETH 50x Big Guy,” took out long positions in LINK worth approximately $31 million with 10 times leverage, according to Lookonchain, a Web3 analytics service.
He placed the bets on Hyplerliquid and GMX, two popular perpetuals exchanges, Lookonchain data-ct-non-breakable=”null” href=”https://x.com/lookonchain/status/1900496078258213100″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/lookonchain/status/1900496078258213100″>said in a March 14 X post….
