Bitcoin Cash

Litecoin

Iron

Chainlink

Force

<p><a href="https://buy.magacoinfinance.com/coindoob" rel="noopener noreferrer nofollow"><img loading="lazy" src="https://coindoo.com/wp-content/uploads/2025/07/banner-maga-coin.jpg" alt="Banner magacoin finance" width="1452" height="181"></a></p>
<p>The wallet, which begins with 0x880ac, is heavily exposed to a mix of shorts across top assets. Its largest losing position is in PUMP, where the <a rel="noopener noreferrer nofollow">whale</a> opened at an average price of $0.0033 and now faces an unrealized loss of roughly $12.9 million.</p>
<p><strong>Other bets are also underwater:</strong></p>
<ul>
 <li>$30 million short in Solana (SOL)</li>
 <li>$12.5 million short in Bitcoin (BTC)</li>
 <li>Smaller shorts in Chainlink (LINK), Bitcoin Cash (BCH), and Litecoin (LTC)</li>
</ul>
<p>The scale of exposure has left the whale one of the most visible casualties of the recent upswing across altcoins.</p>
<h3 id="contrasting-fortunes">Contrasting Fortunes</h3>
<p>Not every trader has suffered. Ethena’s ENA token has climbed more than 13% in the past 24 hours, boosted by the foundation’s expanded buyback program. <a rel="noopener noreferrer nofollow">On-chain</a> data shows another whale, address 0x6b7…c5e9c, took the opposite side of the market—opening 5x leveraged long positions in ENA and pocketing a $3.1 million profit.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5> <a href="https://coindoo.com/xrp-and-solana-etfs-why-october-2025-could-be-a-turning-point/" rel="noopener noreferrer nofollow">
  <div class="contentRight col-4">
   <span> <img src="https://coindoo.com/wp-content/uploads/2025/08/xrp-and-solana-tokens-3f0000.jpg"> </span>
  </div>
  <div class="contentLeft col-8">
   <h4 class="title mb-0">XRP and Solana ETFs: Why October 2025 Could Be a Turning Point</h4>
  </div> </a>
</div>
<h3 id="why-it-matters">Why It Matters</h3>
<p>Whales often set the tone for broader market sentiment, and large short positions can exacerbate volatility when they begin to unwind. If prices continue to rise, forced liquidations from overleveraged whales like Iron Head Air Force could add fuel to rallies in assets like SOL, BTC, and PUMP.</p>
<p>For now, the lesson is clear: betting against momentum in crypto can be an expensive strategy.</p>
<p style="text-align: center;"><em><strong>The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or&nbsp;<a rel="noopener noreferrer nofollow">cryptocurrency</a>. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.</strong></em></p>
<p>The post <a href="https://coindoo.com/crypto-whale-lost-10m-betting-against-the-market/" rel="noopener noreferrer nofollow">Crypto Whale Lost $10M Betting Against the Market</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Crypto Whale Lost $10M Betting Against the Market

Table of Contents

Coindoo.com

Other articles published on Sep 6, 2025

Join our free newsletter for daily crypto updates!