Whale of a Tale: The Curious Case of the 50x Hyperliquid Gambler πŸ‹πŸ’Έ

It is with great astonishment that the astute investigator, Mr. ZachXBT, has proclaimed the unmasking of a most enigmatic figure—a whale of considerable fortune, who hath profited a staggering sum of $20 million through the art of highly leveraged trades upon the platforms known as Hyperliquid and GMX. This individual, a British hacker by the name of William Parker, formerly known as Alistair Packover, has certainly made quite the name for himself, albeit not in the most reputable of circles. 😏

As per Mr. ZachXBT’s missive dated March 20, it appears that Mr. Parker was apprehended last year for the rather audacious act of pilfering approximately $1 million from two establishments of chance in the year of our Lord, 2023. One cannot help but wonder if he has taken to heart the lessons of his past misdeeds, for it seems he has not. Indeed, Mr. ZachXBT quipped, “It is abundantly clear WP/AP has not learned his lesson over the years after serving time for fraud and will likely continue gambling.” 🎲

Mysterious Whale

Mr. ZachXBT’s assertions are founded upon a rather dubious phone number, allegedly belonging to an individual who received a payment from the wallet of our whale trader. Furthermore, it has been suggested that the public wallet addresses associated with this trader have also been recipients of ill-gotten gains from previous phishing escapades. Alas, CryptoMoon has yet to verify these claims independently. 🕵️‍♂️

Massive Leveraged Bets

Our mysterious whale has ascended to notoriety by reaping a fortune of approximately $20 million from trades of such leverage that one might think it a scene from a farcical comedy—up to 50 times, no less! On the twelfth day of March, this trader, in a fit of audacity, liquidated a long position in Ether (ETH) valued at around $200 million, resulting in a loss of $4 million to Hyperliquid’s liquidity pool. Meanwhile, the whale himself pocketed a tidy sum of $1.8 million. How delightful! 💰

Hyperliquid, in its defense, has stated that this liquidation was not an exploit but rather a predictable outcome of the platform’s operations under such extreme conditions. In light of this, they have taken the prudent step of revising their collateral rules to prevent such occurrences in the future. One must admire their foresight! 📈

On the fourteenth of March, our whale, undeterred by previous events, embarked upon yet another multimillion-long position, this time in the illustrious Chainlink (LINK). Perpetual futures, or “perps,” as they are colloquially known, are contracts of leverage that possess no expiry date, allowing traders to deposit margin collateral—typically USDC—to secure their open positions. How very modern! 🤑

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2025-03-20 22:09