Share this article
Ether Whale Books $45M Loss as ETH Falls Below $4K
Ether's price decline was part of a broader market downturn amid concerns of a potential U.S. government shutdown.
Updated Sep 25, 2025, 1:38 p.m. Published Sep 25, 2025, 6:39 a.m.
Make us preferred on Google
What to know:
- The whale's address, 0xa523, saw its balance drop to under $500,000 following the liquidation of 9,152 ETH.
- Ether's price decline was part of a broader market downturn amid concerns of a potential U.S. government shutdown.
An ether whale took a multi-million dollar loss on its bullish bet on Thursday after the cryptocurrency's price dipped below $4,000 for the first time since Aug. 8.
The whale address labelled 0xa523 had its leveraged bullish position worth 9,152 ETH ($36.4 million) forcibly liquidated by the decentralized exchange Hyperliquid, according to blockchain analyst Lookonchain. This liquidation pushed the whale’s total losses beyond $45 million, leaving its balance below $500,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ether's price hit a low of $3,983 during the Asian hours as the broader cryptocurrency market, including bitcoin , wilted amid an increased likelihood of a U.S. government shutdown this year.
About $100 million in leveraged bets were liquidated during Asian trading hours, with over $90 million involving bullish positions, according to data source Coinglass. This data suggests that leverage was predominantly tilted toward the positive side, betting on ether price appreciation.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Fidelity Investments starts its own stablecoin in a massive bet that future of banking is on blockchain
The FIDD token will run on Ethereum, serve institutional and retail users, and comply with the new GENIUS Act’s reserve rules.
What to know:
- Fidelity Investments is launching its first stablecoin, the Fidelity Digital Dollar (FIDD), based on the Ethereum network.
- FIDD will be backed by reserves of cash, cash equivalents, and short-term U.S. Treasuries managed by Fidelity, in line with the new federal GENIUS Act's standards for payment stablecoins.
- The stablecoin targets use cases such as 24/7 institutional settlement and onchain retail payments, putting Fidelity in direct competition with dominant issuers like Circle’s USDC and Tether’s USDT while laying groundwork for future onchain financial products.
Top Stories
