While Ethereum rolls from one of its most volatile weeks of this year, a hyperliquid whale with high issues known only by its oversized position has reigned again.
The anonymous whale, supposed to operate on the decentralized perpetual exchange hyperliquid, returned with a position of 70.3 million dollars massive on ETH, placed with a 20x lever effect.
The bet arrives at a time when most whales do the opposite, rushing to recover their positions or watch them dissolve in nothing.
The first alert came from Crypto Influencier, which displayed that “the hyperliquid 50x whale was back” after opening a long of $ 47 million.
Update 🚨 Whale has increased its long ethpm position to $ 70.3 million and is currently in $ 1.37 million in unpaid profits. – ash crypto (@ashcryptoral)
In a few hours, the merchant had increased the position to $ 70.3 million, locking more than $ 1.37 million in unpaid profits despite the wider market collapse.
What makes this decision so intriguing is its timing. Ethereum had just suffered a sudden drop of 14%, falling to $ 1,547, a seven-month-old who sparked billions of liquidations on DEFI and centralized platforms. $ 106 million liquidated ETH, thousands of aneratic positions
The daring movement of the whale contrasts strongly with the wave of destruction that swept the Ethereum Defi ecosystem on April 6.
One of the most devastating successes came on Sky, formerly known as Makerdao, where only one whale ether lost 67,570 ETH, which is equivalent to around $ 106 million.
The liquidation was triggered after the price of ETH took place, causing the collateral report of the whale below the compulsory Sky threshold at 150%.
While the guarantee increased to 144%, intelligent protocol contracts automatically started, striking and auctions the warranty to cover the debt.
The fall of ETH at $ 1,547 sparked a self-liquidation cascade, marking one of the most prominent collapses in the history of the DEFI loan.
📉 An ether whale faces a loss of $ 106 million after a massive liquidation protocol on the sky, because the price of Ethereum falls 14% on a chaotic market. – cryptonews.com (@cryptonews)
And it was not an isolated incident. Another large investor narrowly avoided the same fate, injecting emergency funds into a safe containing 56,995 Weth, around 91 million dollars, to avoid being liquidated.
However, another whale holding 220,000 ETH, around $ 340 million, was on the verge of ruin until the deposit of 10,000 ETH and 3.54 million DAI increases their liquidation threshold.
The magnitude of the damage was historic, with more than a billion dollars liquidated over the weekend only. The return of the hyperliquid whale: genius to profit or player supplied by fraud?
This is not the first time that the hyperliquid whale shocked the world of cryptography.
According to the discovery of Zachxbt in March, the man behind the massive trades is William Parker, a fraudster condemned with a past riddled with deception and high games.
Parker, previously known as Alistair Packover, would have made more than $ 20 million in profits by placing huge bets on hyperliquid and other platforms using a 40x and 50x lever effect.
But the story becomes darker. Zachxbt’s survey revealed that Parker has placed its professions using funds obtained from phishing and casino exploits.
In one case, Parker won $ 10 million by opening a length of 50x ETH just before Donald Trump’s main speech.
1 / An investigation into the alleged identity of the mysterious hyperliquid whale linked to an illegal activity which has benefited ~ $ 20 million via leverage in the last two weeks. – Zachxbt (@zachxbt)
Another bet, a BTC 40x short film, brought him $ 9 million. They were not just chances; These were games supported by stolen capital.
The scope of the fraudulent parker activity is astounding. Last year, he was sentenced to Finland after stealing $ 1 million in two casinos by exploiting software vulnerabilities.
He then bleached the stolen funds through platforms like Binance, Gamdom and Roobet before betting them on the hyperliquid.
Traces of portfolio have linked his trading accounts to several phishing scams, and he maintained links with shady actors through the cryptography ecosystem.
His online alias, @Qwatio, had been dormant for years before resurfaced to promote his new commercial renown, perhaps to try to reshape his image.
But behind the scenes, Parker continued to interact with the members of the phishing ring and move stolen funds through decentralized protocols.
The start of the hyperliquid whale on the market coincides with a period of extreme macroeconomic uncertainty.
On April 2, President Donald Trump announced a radical pricing regime, slapming an import line of 25% on foreign vehicles and a flat rate of 10% on all imported goods.
📉 The cryptography market fell 3% on Friday while Trump’s new prices feared a global economic slowdown. – cryptonews.com (@cryptonews)
This decision, considered a warning shooting in an imminent trade war, has triggered a collapse in the world markets.
The S&P 500 suffered its worst decrease of two days in history, losing 5 billions of dollars of value. Bitcoin slipped below $ 75,000, and altcoins like Solana, XRP and Dogecoin displayed losses greater than 20%. XRP violated its mobile average at 200 days, Sol flowed under $ 100 and Doge fell to $ 0.13.
Liquidity quickly passed out while traders were looking for refuge in traditional paradise like Japanese gold and yen. Source: Cryptonews
However, Ethereum now oscillates approximately $ 1,515 and the Tether market capitalization ending, the ETH as the second greatest cryptographic asset is threatened directly.
The lever effect of the hyperliquid whale is more than just a risky decision; It is a declaration. In a market paralyzed by fear, where even billionaires urge prudence, it doubles. It remains to be seen that this bet is paid or ends with a ruin.
