Whale '1011' Liquidated $17.94 Million on December 22, Subsequently Opens $3 Million 10x Long Position on HYPE
A crypto whale identified as address “1011” was liquidated for $17.94 million during a market downturn on December 22, according to Onchain Lens and BlockBeats. The address later deposited $3 million to open a 10x leveraged long on the HYPE token and also holds smaller long positions in Bitcoin, Ethereum, and Solana. Onchain Lens said the whale’s active positions now exceed $10 million, signaling a strategic shift after the liquidation.