Whale Leveraged 50x Short Sees $81 Million In Paper Gains As Ethereum Plummets After Trump’s Tariff Confirmation
Posted On March 4, 2025
An investor who shorted Ethereum (CRYPTO: ETH) with massive leverage is now sitting on tens of millions in unrealized profit as the market plunged following President Donald Trump’s tariff announcement.
What Happened: The trader took a 50x leverage bet on ETH’s decline on Monday, according to on-chain tracker Lookonchain.
As the second-largest cryptocurrency fell after Trump confirmed plans to impose tariffs on key trade partners like Canada, Mexico, and China, the trader’s unrealized gains rocketed up to a whopping $81 million. As of this writing, the trader had already begun closing part of the short positions to secure profits.
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