A whale from the Ethereum whales decided to risk everything he has

One of the whales was holding about $90 million of $ETH

Instead of holding onto it or managing the risk conservatively, he decided to use it as collateral and enter a long position with leverage on the Hyperliquid platform

The size of the position reached around $132 million, which means he significantly increased his position compared to his capital

What happened next, as usual with anyone who decides to challenge the market

The market moved against him 🫥

He lost about $22 million, and the remaining balance in the account dropped to around $24.8 million, meaning he almost lost half of his wealth in a single trade

In a short period, a large part of his wealth turned into real loss

And he became under direct pressure from any slight market movement

Currently, he is still holding a long position on several coins

$BTC and $ETH and $TAO and $JUP and $VVV

which means the risk is still ongoing
Any wrong move could cost him even more

$ETH $BTC