Whale Seeking Revenge After Million-Dollar Losses: Longs This Altcoin with $37.3 Million

A giant crypto whale, who has lost millions of dollars in previous trades, is attempting to recover their losses with a massive $37.3 million position opened on SKHX (SKHX).

A whale, notable for high-risk moves in the cryptocurrency markets, has turned their focus to the SKHX (SKHX) asset following a series of recent unsuccessful trades. On-chain data shows that this investor, with the wallet address 0xC8b5, has not compromised their risk appetite despite significant past losses and has essentially initiated a “revenge trade.”

According to shared data, the whale in question opened a 3x leveraged long position—betting that the price would rise—with 37,229 SKHX. This move, with a total value of $37.3 million, is currently working in the investor’s favor. Based on current data, the whale has already generated a profit of $778,000 from this transaction. However, the investor’s previous trading history raises serious questions about whether this success will be sustainable.

The Whale’s Million-Dollar Loss Streak

Looking at the whale’s transaction history, it is observed that they lost over $1 million in each of their last three major moves. Despite losing $1.2 million on a long position opened on MU (MU) just two days ago, the investor did not alter their strategy. Current data proves that the whale opened another new bullish position worth $21.86 million for MU, but is already facing a loss of $1.1 million on this trade.

Consecutive losses in assets like SNDK and MU can be clearly tracked in the list of completed transactions. With a total portfolio value of approximately $28.9 million, market participants are closely monitoring these risky trades the whale has entered using high leverage.