Whale “0x9ee” Liquidates ETH and XRP Positions, Facing Major Losses

On January 31, the whale address “0x9ee” faced a complete liquidation of its long positions in ETH and XRP, losing $61.38 million, monitoring service Onchain Lens reported.

This liquidation highlights significant risks within the cryptocurrency market, affecting investor sentiment and illustrating the volatility associated with high-leverage trading in digital assets.

“0x9ee” Faces $61 Million Loss on Hyperliquid

The whale known as “0x9ee,” dealing with significant long positions, saw these holdings liquidated, incurring a noteworthy loss of $61.38 million. Previously peaking with unrealized profits near $61 million, the whale’s risk appetite and leverage choices led to substantial outcomes. Market analysts suggest that such actions can demonstrate extreme volatility and reliance on leveraging strategies.

Immediate implications include potential cautionary sentiments within trading circles regarding the hazards of over-leveraging and maintaining large positions without adequate risk mitigation strategies. While specific sentiment shifts remain unreported, the trading community waits for further clarity.

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The absence of notable statements or reactions from leading crypto figures such as CZ, Vitalik Buterin, or major cryptocurrency exchanges keeps the broader crypto community’s outlook unresolved. Market analysts are noting that unverified data can often leave investor sentiment cautious.

Recurring Risks in DeFi: A Cautionary Tale

Did you know? In late 2025, the same whale, “0x9ee,” nearly faced liquidation of $48.2 million in positions just prior to this substantial loss. This incident underscores recurring risks with high leverage and large positions.

CoinMarketCap data indicates Ethereum (ETH) currently holds a price of $2,382.54, with a total market cap of formatNumber(287558705674, 2). Over 24 hours, ETH experienced an 11.26% drop in price. The trading volume reached formatNumber(45320671887, 2), seeing a 5.66% reduction. Over 90 days, Ethereum faced a decline of 38.26%.

Coincu research analysts observe that high-leverage risks in DeFi trading remain significant, especially in exchanges like Hyperliquid. The historical precedent of such losses can influence trading patterns and risk management strategies in future market activities.