Whale Turns the Tide with Silver Bet
On February 25, data from blockchain analytics showed that a whale with the address starting with 0x535 strategically opened a long position on silver (SILVER) with 20x leverage ahead of a significant price surge. The initial entry price was around $87, and the whale gradually increased the position to $4.08 million, becoming the largest silver long on the Hyperliquid platform.
By dynamically adjusting the position, the whale's average holding price rose to $88, with a floating return rate of up to 36%. The liquidation price is currently at $85.
Reversing a Losing Streak
Prior to this success, the whale had suffered consecutive losses over the past week while betting on silver and other assets like HYPE and ZEC, accumulating a total loss of $1.41 million. This successful silver trade marked its first profitable move in recent weeks.