$ETH Whale Pumps 6 Million USDC Long ETH, SUI With 20x and 10x Leverage

A notorious whale specializing in spot arbitrage strategies has just made a surprising tactical shift. This whale deposited a fresh 6 million USDC onto a leading decentralized derivatives exchange (DEX) to open Long positions with significant leverage.

🔸 The whale opened a Long position with 20x leverage. This is extremely high leverage, indicating strong conviction in a short term Ethereum breakout. At the same time, Whales also opened a Long position SUI with 10x leverage.

🔸A day prior, this whale also bet on FARTCOIN with 10x leverage.

🔸 Typically, Arbitrage wallets play both sides to farm Funding Rates. However, making a directional bet with high leverage suggests this smart money anticipates a massive market pump, specifically for ETH and the Meme ecosystem.

When an Arbitrage expert usually risk averse suddenly switches to Degen mode with 20x leverage, do you dare to follow the trade?

News is for reference, not investment advice. Please read carefully before making a decision.