Ethereum whale opens $100M short as Vitalik Buterin vows to 'sell less ETH'

ETH’s rebound toward the whale’s liquidation zone near $2,150 puts its short at risk of over $1 million in potential losses.

A crypto whale opened a leveraged Ether (ETH) short position worth more than $100 million, even as Ethereum co-founder Vitalik Buterin pledged fewer token sales via the Ethereum Foundation.

Key takeaways:

As of Monday, the wallet '0x50b...' held a 47,600 ETH short position worth about $100.72 million, according to Hypurrscan data. The trade used roughly 23x cross-margin leverage, with an entry price near $2,094.92.

Read more