On-chain Silver Soars 5.2% Intraday, ‘Silver Whale’ Long Unwinding Nets $470K Profit

BlockBeats News, March 10th, according to Hyperinsight monitoring, the price of SILVER on Hyperliquid has risen by 5.2% in the past 24 hours, currently at $88.17. The biggest long whale (0x63c) who chased the high on February 28th and went through a week of cost averaging, finally turned losses into gains today, with a floating profit of $470,000 (13.5%), making a daily profit of around $500,000.

Currently holding a 3x leveraged SILVER long position with a position size of $8.3 million and an average price of $83.16, this whale is the largest long on-chain for silver. In addition, this address also holds a 3x leveraged GOLD long position with a size of $3 million and an average price of $5093.