In the rollercoaster world of cryptocurrency trading, few stories capture the thrill and risk quite like this one. A crypto whale—that's a big-time investor with massive holdings—known by the wallet address 0xb9fe, just pulled off an epic comeback that's got the community buzzing.

The Devastating Liquidation

It all started during a recent market crash. The whale got fully liquidated, meaning their leveraged position was forcibly closed by the exchange because the price moved against them, wiping out their margin. They lost a staggering $2 million in the process, essentially getting "wiped out" as Lookonchain reported. Liquidation happens in leveraged trading when your losses eat up your collateral, and it's a harsh reality in volatile markets like crypto.

But this whale didn't stay down for long.

The Bold 25x Long Bet

Just five hours after the wipeout, the whale deposited 9.5 million USDC—a stablecoin pegged to the U.S. dollar—back into their account. They then reopened a high-stakes position: a 25x leveraged long on 18,960 ETH, valued at around $72.7 million at the time. Going "long" means betting the price will go up, and with 25x leverage, even small price movements can amplify gains (or losses) dramatically.

As Ethereum's price bounced back, climbing above $4,000, the bet paid off big time. According to Lookonchain's update on October 12, 2025, the whale not only recovered their $2 million loss but racked up an additional $3.6 million in profits. Talk about turning the tables!

You can check out the full thread on X for more details: Lookonchain's tweet.

Latest Update on the Position

As of October 13, 2025, the position remains open, but the unrealized profit has adjusted with market fluctuations. According to data from HyperDash, the whale's perp equity stands at about $11.4 million, with an unrealized PnL of $1.9 million (66.59% ROE) on the same 18,960.93 ETH long at 25x leverage. The entry price was $3,717.76, and the liquidation price is set at $3,282.93 to protect against further drops. Leverage is now at 6.34x overall, with total position value around $72.4 million.

This shows how quickly things can shift in crypto—gains can evaporate if the market turns south again.

Lessons for Meme Token Traders

While this story revolves around ETH, a blue-chip cryptocurrency, the principles apply directly to the meme token space we cover here at Meme Insider. Meme coins like Dogecoin or Shiba Inu are even more volatile, with wild price swings driven by social media hype and community sentiment. Leveraged trading on these can lead to massive wins or brutal liquidations, just like this whale experienced.

Key takeaways:

• Risk Management is Key: Leverage amplifies everything. A 25x bet might sound exciting, but it can wipe you out fast. Always use stop-losses and don't risk more than you can afford to lose.
• Resilience Pays Off: The whale's quick return shows the importance of not giving up, but only if you have the capital and conviction. For retail traders, it's a reminder to learn from losses rather than double down recklessly.
• On-Chain Transparency: Tools like Lookonchain and HyperDash let us track whale moves in real-time, offering insights into market sentiment. In the meme world, watching big wallets can signal pumps or dumps.

If you're diving into meme tokens, check out our knowledge base for guides on safe trading strategies and the latest news. Stories like this highlight why blockchain practitioners need to stay informed—crypto never sleeps!

Stay tuned for more updates on whale activities and meme token trends. What do you think—would you take a similar risk? Drop your thoughts in the comments.