Whale | Crypto

A massive leveraged long in the ARC perpetuals market collapsed on Lighter, triggering auto-deleveraging but limiting liquidity provider losses to about $75,000. A big crypto trader lost $8.2 million after a leveraged bet on the ARC perpetuals market unraveled on the decentralized derivatives platform Lighter, forcing the platform to tap its backstop liquidity and trigger auto-deleveraging to manage risk. In a series of posts on X, the platform explained that the whale built a very large long position over several days, pushing total open interest in the ARC (ARC) market to about $50 million, while about 600 traders and market makers took the opposite side. The trade began to fail when ARC’s price dropped around 6:00 pm ET on Wednesday. About $2 million of the position was liquidated on the order book, and the remaining position was moved into Lighter’s liquidity provider pool (LLP), where it was handled under a high-risk strategy category. Read more

[PRESS RELEASE – Willemstad, Curaçao, December 14th, 2025] Whale.io has officially launched the $WHALE NFT collection on Solana, introducing the next phase of the platform’s native token rollout and bringing the community one step closer to the upcoming Token Generation Event (TGE). The $WHALE NFTs – presented as fully tradable digital cards – represent a […]

[PRESS RELEASE – Willemstad, Curaçao, November 13th, 2025] Whale.io has unveiled its Weekend Sale campaign for Crock Dentist NFTs, set to begin this Friday and run through the weekend until Monday, November 17, 2025. During this limited period and offer a 50% discount on NFT minting for Whale users, reducing the standard price from 500 […]

[PRESS RELEASE – Willemstad, Curaçao, October 29th, 2025] Whale.io has announced that the first airdrop for Crock Dentist NFT holders is scheduled for this weekend, following strong early performance of the recently launched Whale Originals title. The limited collection of 1,000 Crock Dentist NFTs has already seen significant adoption, with more than 300 unique holders. […]

[PRESS RELEASE – Willemstad, Curaçao, October 20th, 2025] Whale.io, an online casino and sportsbook platform, has announced the launch of Crock Dentist, a new addition to its Whale Originals game series. This release marks the first time the classic game, known for its engaging tooth-pulling mechanics, has been adapted as an original online casino title. […]

Whale “0xa523” has racked up over $40 million in losses on Hyperliquid, overtaking James Wynn to become the platform’s biggest loser. Hyperliquid trader “0xa523” has overtaken James Wynn to become the platform’s largest losing whale, racking up over $40 million in losses in under a month, according to onchain data. In a Tuesday post on X, Lookonchain revealed that the trader’s downfall was driven by a string of high-leverage missteps, including a $39.66 million loss on Hyperliquid (HYPE), where he sold 886,287 tokens before the asset rebounded. Had he held the position, it would now be worth nearly $9 million more. He later lost over $35 million on a long Ether (ETH) position, flipped to a short, and then lost another $614,000. His current Bitcoin (BTC) short is also underwater, showing an unrealized loss of $1.8 million, according to data from Hyperdash. Read more