Due to a silver price plunge, a whale who shorted silver with $12 million two days ago has now realized significant profits.

BlockBeats News, March 3rd, according to Coinbob Popular Address Monitor data, silver plummeted 6% intraday, with the price falling more than 11.5% from yesterday's high of $97.5. Whales who recently chased after silver have mostly turned from profit to loss.

A whale (0x007) who shorted silver two days ago at an average price of $95.1 has seen their unrealized profit expand to $1.37 million, with a 38% return. Currently, their 20x leveraged SILVER short position amounts to $12.7 million, making them the largest on-chain silver bear.