Crypto Whale Cries $45M Tears as ETH Plunges

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Markets

What to know:

  • The whale, our tragic hero 0xa523, saw its treasure chest dwindle to a mere $500,000 after 9,152 ETH vanished faster than a warm bun at a bakery 🍞💨.
  • Ether’s fall from grace mirrored the market’s own melancholy, as whispers of a possible U.S. government shutdown sent investors clutching their pearls 😬.

Once upon a Thursday, a mighty whale, puffed up with dreams of riches, suffered a crushing blow as Ether tumbled below $4,000-the first time since August 8 that the dreams of grandeur were humbled by reality.

The notorious 0xa523, with its leveraged bet of 9,152 ETH (a princely $36.4 million), was unceremoniously liquidated by Hyperliquid. Blockchain seers at Lookonchain mourned the whale’s losses, now towering over $45 million, leaving our aquatic friend with a paltry $500,000. Oh, the irony! 🐋💸

During Asian hours, Ether staggered to $3,983, while the broader crypto bazaar wilted like flowers in a drought, nervously eyeing the looming threat of a U.S. government shutdown.

Roughly $100 million in leveraged dreams evaporated in Asian trading, with over $90 million held by optimists betting on Ether’s ascent. Alas, the market reminded them that optimism can be a cruel jest 😏.

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2025-09-25 10:23