A whale lost $1.14 million selling HYPE and Fartcoin, going long on ETH with 15x leverage.

According to Lookonchain, the whale address 0xa523 sold 886,287 HYPE (worth $39.66 million) and 1.63 million Fartcoin (worth $1.27 million) in the past 12 hours, resulting in a total loss of $1.14 million. Subsequently, the whale opened a 15x leverage position and went long on 51,691 Ethereum (ETH).