2025-12-30 11:23:59

On-chain data shows that on December 30th, a large holder added 4.35 million USDC to HyperLiquid in one go, then took a 1x leverage short position on LIT, with an entry price around $2.74. Currently, this short position is showing an unrealized loss of $200,000, indicating a misjudgment.

Interestingly, this whale's performance on Lighter is completely the opposite. They simultaneously opened short positions on multiple tokens on the platform—XMR with 10x leverage, ASTER and MEET with 5x, HYPE, USELESS, and STBL with 3x leverage. These short positions are currently showing unrealized gains of up to $1.6 million, suggesting that their bearish bets were quite accurate.

Losing on one side while making big profits on the other—that's the true picture of on-chain trading. Large holders are clearly managing funds across multiple platforms simultaneously; some bet correctly and make huge profits, while others hit mines and get trapped.

LIT-42.25%

ASTER-1.11%

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Web3ExplorerLin

· 7h ago

hypothesis: this whale's portfolio architecture kinda mirrors ancient risk distribution strategies, right? nailing lighter while faceplanting on hyperliquid is literally the cross-chain paradigm in action—one oracle network flourishing while another totally whiffs. the asymmetry fascinates me tbh.

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GmGnSleeper

· 7h ago

Haha, this loss on LIT was quite funny, while Lighter made a huge profit of 1.6 million. That's true hedging art. That wave of short positions on Lighter was ridiculously accurate, with XMR 10x leverage taking off directly. For whales to fight each other and still make money, us amateurs can only watch. Chasing a short position on LIT with a 4.35 million position and ending up trapped with 200,000 loss— is this the daily routine of big players?... Isn't my small position even more dangerous? So the key is to diversify across multiple platforms. One platform hits a snag, another saves the day. Learned a lot from this operation. How did LIT determine it was a mistake? Even whales sometimes get it wrong... But Lighter's compensation was in place. This guy's intuition on Lighter is incredible; that 1.6 million unrealized profit came just like that. Multiple chain hedging plus high leverage— the gameplay is indeed more complex than mine. Small-town players can only follow the trend. Leveraged trading is really exciting—losing money and making huge profits at the same time. Such mental resilience... I’m impressed.

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UncleLiquidation

· 7h ago

Haha, another classic "mutual destruction" move. This whale is having a great time on Lighter, while HyperLiquid is directly breaking down. Truly living a double life. That position in LIT... $200,000 is just tuition, but the $1.6 million unrealized profit on Lighter is really impressive. Arbitrage across multiple platforms requires a lot of expertise. Ordinary people playing this are just destined to be harvested.

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SmartContractDiver

· 7h ago

Damn, this whale really knows how to play. Losing 200,000 while making 1.6 million at the same time. I didn't get this round of LIT right, but Lighter directly took off. That's why you need to deploy across multiple chains; you can't go all-in on one platform. HyperLiquid, with this 200,000 order, what are you afraid of? Lighter already broke even long ago. Real traders operate like this—diversify risk while placing bets.

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