The Legendary 50x ETH Whale

The legendary whale, known in the market as the “50x ETH whale,” has been making headlines due to high leveraged transactions.

Recently, the whale closed a 40x short position in Bitcoin after concerns regarding monetary inflation decreased, and the lower-than-expected CPI data provided an optimistic outlook for Bitcoin. This move resulted in a profit of approximately $10 million within 8 days after closing a 40x leveraged short position involving 6,210 Bitcoin.

Shut Down Bitcoin Now Buying Ethereum (ETH)!

Following the closure of the Bitcoin short position, the whale invested $6.11 million in Ethereum (ETH) and an additional $3.28 million in PAX Gold (PAXG).

Despite the whale’s risky trading strategies, its true identity remains a mystery. However, crypto detective ZachXBT suggested that the so-called “Hyperliquid 50x leverage whale” might be a cybercriminal using stolen funds for high-leverage trading. He clarified that the whale’s address has no links to the North Korean hacker group Lazarus Group.

> “It’s funny watching CT speculate on the ‘Hyperliquid whale’ when in reality it’s just a cybercriminal gambling with stolen funds.”
> — ZachXBT (@zachxbt) March 18, 2025

This is not investment advice.