The wallet’s Hyperliquid position had an unrealized loss exceeding $1.25 million at one point.
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According to ChainCatcher, according to Arkham monitoring, the whale MTAavebank.eth sold over 138,000 LINK worth $1.9 million 6 hours ago, when BTC had not yet fallen below $84,000. The whale is suspected to have funded its 8x leveraged CRCL position on Hyperliquid by selling LINK, which at one point lost more than $1.25 million. Currently, it still holds more than $21 million in digital assets, mostly stablecoins, of which more than 10% is fund…