In a recent development reported by COINOTAG, on-chain analyst Yujin has revealed that a whale, utilizing Hyperliquid’s 50x leverage, made a significant acquisition of 3,715.5 ETH valued at approximately $5.5 million on April 7th, purchasing at a price of $1,493.5. This whale, however, remained dormant for an extended period until the recent bullish momentum in Ethereum’s market price prompted a strategic profit-taking decision.
Just one hour ago, the investor liquidated their holdings, selling 3,724 ETH for about $9.29 million, achieving an impressive profit of $3.747 million, marking a substantial return of 67%. This transaction highlights the volatility and potential profitability within the current crypto landscape, underscoring how informed trading strategies can yield substantial financial rewards.
Source: https://en.coinotag.com/breakingnews/eth-whale-takes-profit-sold-3724-eth-for-9-29-million-after-67-surge/