🚨 Story Highlights
✅ ZachXBT exposes Hyperliquid Whale as a cybercriminal using stolen funds for high-stakes trading.
✅ Whale pulled off massive leveraged trades on Bitcoin, Ethereum, and Chainlink.
✅ Closed trades with a staggering $9.46M profit—while shaking up the market.
Who Is the Hyperliquid 50x Whale?
You’ve probably heard about the “Hyperliquid 50x Leverage Whale” making waves in the crypto world lately. This mysterious trader has been making jaw-dropping, high-leverage bets on platforms like Hyperliquid and GMX—targeting big players like Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK). Naturally, the crypto community was buzzing with theories about who’s behind the wallet.
At first, some thought the whale was connected to the infamous North Korean hacker group Lazarus. But ZachXBT—the Sherlock Holmes of the blockchain—set the record straight. He confirmed there’s no link to Lazarus. Instead, he dropped a bombshell: the whale is actually a cybercriminal using stolen funds to fuel these high-risk trades. Yep, it’s not just about making money—it’s about laundering dirty crypto through high-stakes trading.
Hyperliquid Whale’s Wild Bet
Let’s talk about the wild moves this whale has been pulling off. We’re talking 25x to 50x leverage—the kind of stuff that gives even seasoned traders heart palpitations.
👉 On March 16, the whale deposited 2.5 million USDC into Hyperliquid and went all in with a 40x short on BTC. That’s 4,422.77 BTC at an entry price of $84,043—with a liquidation point at $85,596.
This didn’t go unnoticed. A trader named CBB tried to rally others to push the whale into liquidation. The plan almost worked—Bitcoin’s price hit $84,583.84—just a hair away from nuking the whale’s position. Talk about living on the edge!
But BTC isn’t the only asset on this whale’s radar.
- On March 13, they went short on ETH with a $45.17 million position at 17.6x and 18.06x leverage.
- Then they doubled down with another 25x short worth $35.86 million.
- Just a day later, on March 14, they switched gears—going long on LINK with a $31 million position at 10x leverage and snagging another $12 million in spot LINK.
This trader isn’t just playing the market—they’re manipulating it.
$9.46M Profit—At What Cost?
According to Lookonchain, the whale has already closed all positions, walking away with a cool $9.46 million profit in just 8 days. That’s some serious cash.
But it’s not all sunshine and rainbows. The whale’s wild trading caused chaos in the market. At one point, Hyperliquid’s liquidity pool took a $4 million hit during a massive liquidation event. That’s like a tidal wave wiping out everything in its path.
Now the crypto community is grappling with tough questions. Should exchanges block accounts like this? Should regulators step in? Or should traders just accept that high-stakes whales are part of the game?
One thing’s for sure: the Hyperliquid Whale has left a mark—and it’s not going away anytime soon.