Anti-CZ Whale Enjoys Almost $100M as Crypto Market Plummets

Since the massive dip on October 10, following U.S. President Trump’s 100% tariff on China, the crypto market has struggled to recover to a bullish side, as several other factors have continued to drag the market downwards. Consequently, many bullish traders have suffered significant losses.

Amid the downtrend, a few whales who foresaw the dip and opened short-leverage trade positions have reaped substantial profits. One of these is the famous Anti-CZ whale. This whale gained market attention by boosting an already-existing short position on ASTER, a BNB Chain-based cryptocurrency endorsed by Changpeng Zhao (CZ), founder of the famous Binance exchange, after CZ posted “Buy Aster” on his social media. Hence the title, “Anti-CZ whale.”

Anti-CZ Whale Enjoys the Dip

According to Hyperliquid Explorer, Hypurrscan, this whale opened multiple trade positions on several altcoins, primarily ASTER, betting about $15.7 million on the token to dip. This has eventually paid off, as the whale sits in approximately $21 million in unrealized profits from ASTER, following the token’s dip below $0.9. No doubt, this shows that the whale read the market and not the token hype.

As the market continued to drop, this whale opened short positions on other altcoins. These include DOGE, ETH, XRP, and kPEPE. According to Hyperdash, this whale has approximately $11 million in unrealized profits from the DOGE short position across two wallet addresses, which were opened at around $0.2075 and $0.2087, respectively.

With Ether dropping to $3,500, this whale’s position is up by over $2.5 million. At the same time, XRP, which has not been significantly affected by the downtrend, has yielded approximately $1 million for this large speculator. This trader’s kPEPE position is also up by over $5 million.

Collectively, this heavy player’s all-time profits on Hyperliquid are close to the $100 million mark. Meanwhile, these trade positions remain open as the whale expects a further downtrend.

Whales Buy the Dip

While this Anti-CZ whale expects a further dip, other whales anticipate a price rebound; thus, they have entered the market with massive buys, and some have placed long positions. For instance, a Bitcoin whale opened a $55 million long position on BTC and ETH with 3x leverage amid the downtrend. 

Another wallet identified by Onchain Lens as “7 Siblings” recently borrowed $40 million from Aave and V3 to purchase about 10,861 ETH. Thereafter, this whale also borrowed $20 million, spending an additional $32.5 million to buy an additional 9,057 ETH.

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