The Giant Whale’s New Bet on Chainlink

The giant whale, known for his successful transactions in the volatile market, has opened another leveraged transaction.

This mysterious whale gained attention with his Ethereum (ETH) leveraged trades during sharp market declines and has now opened a new position for Chainlink (LINK).

According to a post by Spot on Chain, this whale previously engaged in long and short positions in Bitcoin (BTC), Ethereum (ETH), HYPE, and YGG, earning $16.4 million in the process. This time, he has opened a long position in LINK.

Data indicates that the whale deposited approximately $2.8 million worth of USDC to the Hyperliquid exchange, opening a LINK long position with 10x leverage with this capital.

> The “50x ETH” whale that cost Hyperliquid $4 million is back; this time he’s betting big on LINK!
>
> The whale opened a long position in LINK with 2.875M USDC on Hyperliquid with 10x leverage in the last 45 minutes.
>
> Since February 7, this investor has earned $16.4 million by quickly turning long/short positions on ETH, BTC, HYPE, and YGG on Hyperliquid.
>
> Will this LINK long also pay off?

The same whale also spent $7.1 million to purchase 506,226 LINK at an average price of $14.03. He sold 1,108.83 ETH for $2.1 million USDC and withdrew another $5 million USDC from Spark for purchases. However, the whale’s LINK position is currently at a loss of around $194,000.

> The “50x ETH” whale that cost Hyperliquid $4 million is back—this time betting big on $LINK!
>
> In the past 45 minutes, the whale deposited 2.875M $USDC to #Hyperliquid to open a $LINK long position with 10x leverage.
>
> Since Feb 7, this trader has raked in $16.4M, flipping quickly…
>
> — Spot On Chain (@spotonchain) March 14, 2025

This is not investment advice.