In the shadowy depths of the HyperLiquid abyss, a trader of enigmatic stature has once again captured the gaze of the masses. This whale, having just closed a staggering $524 million Bitcoin short that sent tremors through the market, now turns its gaze towards the elusive MELANIA coin. Ah, the audacity! 🎩
With a boldness that could only be rivaled by a circus performer on a tightrope, this trader has placed a hefty wager of $2.73 million on MELANIA. They ventured long with a 5x leverage, a gamble that, alas, seems to be spiraling into the depths of despair. The price, once a glimmering promise at $0.7307 to $0.7363, has plummeted to a disheartening $0.7079, leaving our intrepid trader with a staggering unrealized loss of $74,787. Should the price descend to $0.6531, they will find themselves utterly liquidated—like a forgotten soda left in the sun. 🥤
Initially, they staked $546,929.73 of their own hard-earned cash, and to add insult to injury, they forked out an additional $931.39 in fees just to keep this precarious trade afloat. What a delightful game of financial roulette! 🎰
This trader is no stranger to the high-stakes world of leveraged bets, where fortunes are made and lost in the blink of an eye. Not long ago, they embarked on a $333.9 million Bitcoin short with a dizzying 40x leverage, entering at a price of $84,040.80. Spoiler alert: that trade went south faster than a bird in a storm, leaving them down a cool $1 million. 🦅💨
Before that, they executed a jaw-dropping 50x Ethereum long that netted them $1.8 million, but at the cost of $4 million from Hyperliquid’s HLP Vault. Such reckless abandon forced the platform to tighten its rules, lowering leverage limits and raising margin requirements. A true tale of caution thrown to the wind! 🌬️
And now, with this new MELANIA long, our trader is back at it again, dancing on the edge of financial oblivion. But fear not, for they did not plunge in all at once; instead, they meticulously stacked their positions in increments ranging from 4,823 to 44,156 tokens, all within mere minutes. Each purchase, of course, came with a small USDC fee, because why not add a sprinkle of chaos to the mix? 💥
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2025-03-18 19:33