Crypto Whale Goes All-In: $100M Ethereum Long on Hyperliquid at 25x Leverage Nets $800K in Minutes
Crypto's latest high-roller just placed a bet big enough to make Wall Street sweat. A previously unknown whale has opened a staggering $100 million leveraged long position on Ethereum—using 25x leverage on Hyperliquid. The move's already generated $800,000 in unrealized gains before most traders finished their morning coffee.
Leverage like this isn't for the faint-hearted. One wrong move and that $800K profit could vaporize faster than a meme coin's utility. But for now, the whale's riding the wave—and the rest of the market is watching to see if this turns into a victory lap or a cautionary tale.
Funny how 'risk management' suddenly becomes optional when Ethereum starts pumping. Somewhere, a hedge fund manager is crying into his overpriced latte.
High-Stakes Ethereum Long Bet on Hyperliquid Faces Liquidation at $2,196
The high leverage bet comes with a liquidation level set at $2,196, a relatively narrow margin in current market conditions.
The position appears under a cross-margin setting, allowing full capital exposure.
The wallet shows no spot, vault, or staked assets beyond this single perpetual contract, underscoring the size and risk concentration of the trade.
The funding rate on the trade currently stands at a minor loss of -$2,509.93, which indicates moderate market sentiment skew.
A newcomer gambler, 0x916E, deposited 4.28M $USDC into #Hyperliquid and opened a 25x leveraged long on $ETH an hour ago.
The position reached 44,523 $ETH($100.4M), with a liquidation price of $2,196.https://t.co/8u5DW0D4Vj pic.twitter.com/NjrSPoWRM3
The activity suggests growing interest from high-net-worth participants willing to take directional bets on Ethereum’s short-term trajectory.
Hyperliquid, a rising player in the perpetual DEX market, has increasingly become a hub for large leveraged positions.
One trader who found fame through extravagant bets on the platform is James Wynn, who turned a $7,000 Pepe wager into more than $25 million.
Riding that wave, he began trading perpetual futures on Hyperliquid in March, despite having no prior experience with derivatives.
In less than a month, Wynn claimed to have grown a $3 million position into $100 million through high-leverage trades, attracting massive attention from the crypto community.
However, the turning point came in May, when Wynn opened a $1.25 billion long position on Bitcoin using up to 40x leverage.
A geopolitical tweet from former President TRUMP caused markets to turn, triggering Wynn’s liquidation. His massive bet was wiped out, leaving him with nearly nothing.
Ethereum Staking Surges Despite Market Slump
As reported, Ethereum staking has reached a new milestone, with more than 35 million ETH, over 28.3% of the total supply, now locked into the network’s proof-of-stake system.
Over 500,000 ETH was staked in just the first half of June. The trend signals a shift in investor behavior, with many opting to earn yield rather than sell at current prices.
Currently, more than 25% of all staked ETH is handled by liquid staking giant Lido, while Binance and Coinbase account for 7.5% and 7.4%, respectively.
Coinbase has also emerged as Ethereum’s largest node operator, controlling over 11.4% of staked ETH via its validators.
Notably, Ethereum is witnessing its most intense whale accumulation in seven years, with large wallets adding over 871,000 ETH in a single day on June 12.
This marks the highest daily inflow in 2025 and has pushed total holdings in 1,000 to 10,000 ETH wallets past 14.3 million ETH, according to Glassnode.
