Spot Silver Plunges Over 6% in a Day as Price Crashes, Prompts On-Chain Whale to Buy the Dip with $7.5 Million Funding

BlockBeats News, May 15th, according to Hyperinsight Monitoring, the spot silver saw an intraday decline of over 6%. The Hyperliquid platform's SILVER contract experienced a 10% decline in 24 hours, currently trading at $78.6, with a significant trading volume exceeding $340 million during the same period.

Amidst the sharp price drop, on-chain bargain-hunting funds promptly entered the market. In the past 1 hour, three whales on Hyperliquid opened million-dollar positions, all taking long positions with a total value of $7.5 million.

The largest whale (0xc26) entered a long position with 60,185 contracts at 5x leverage, totaling approximately $4.72 million, with an average price of $78.34. Currently, this position is showing a slight profit of $8,700.

Address: 0xc26cbb6483229e0d0f9a1cab675271eda535b8f4

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