In the fast-paced world of crypto trading, big moves by whales often signal shifts in market sentiment. Recently, blockchain analytics firm Lookonchain spotlighted a whale known as 0x89Da who just opened a whopping 25x leveraged long position on 21,966 ETH, valued at around $99.5 million. This bold bet comes from a trader with a proven track record—53 trades under their belt, boasting an 81.13% win rate and over $2 million in profits.

Leveraged trading, for those new to the scene, involves borrowing funds to amplify your position size. A 25x leverage means the trader is controlling $99.5M with just a fraction of that in actual capital, but it also magnifies risks—if ETH dips, losses could pile up fast. This move was made on Hyperliquid, a decentralized perpetuals exchange known for its high-leverage options. You can check out the trader's full dashboard here.

What makes this whale particularly interesting for meme token enthusiasts is their diverse portfolio. While the current spotlight is on ETH, their past trades include some quirky meme coins that align perfectly with what we cover at Meme Insider.

Breaking Down the Trader's Stats

Over the period from July 11 to September 19, 2025, this whale racked up a total profit and loss (PNL) of $2,130,514.55. That's after accounting for $1,794,203.67 in fees—crypto trading isn't cheap, especially at this scale.

• Win Rate: 81.13% (43 winning trades out of 53 total)
• Position Split: Mostly longs, with $4,972,007.59 in long PNL offset by $2,841,493.04 in short losses.
• Average Trade Duration: 9 hours and 46 minutes, showing they're not in for the long haul but quick flips.

Meme Coins in the Mix

Diving into the performance by asset, it's clear this whale doesn't shy away from meme territory:

• FARTCOIN: One trade netting $45,895.52. Yes, FARTCOIN—a Solana-based meme token that's as humorous as it is volatile. It highlights how meme coins can deliver quick wins for savvy traders.
• HYPE: Two trades for $28,194.35 in profits. Another meme-inspired token that's been buzzing in the community.
• XPL: A single trade bringing in $1,321.17.
• DOGE: One trade with a modest $4.29 profit. Dogecoin, the OG meme coin, shows up here, reminding us of its enduring appeal even among high-stakes players.

On the flip side, their ETH trades show a net loss of $720,502.05 across 31 trades, but the overall portfolio is buoyed by strong performances in BTC ($2,070,079.78 from 14 trades) and SOL ($705,521.49 from 3 trades).

What This Means for Meme Token Traders

This whale's success underscores a key lesson for blockchain practitioners: diversification across majors like ETH and BTC, sprinkled with high-risk, high-reward meme plays, can lead to impressive returns. With an 81% win rate, it's not just luck—it's about timing, leverage, and perhaps some on-chain insights that tools like Lookonchain help uncover.

If you're looking to level up your meme token game, keep an eye on platforms like Hyperliquid for leveraged opportunities, but remember: always trade responsibly. High leverage can turn profits into losses in a heartbeat.

Stay tuned to Meme Insider for more breakdowns on whale moves, meme coin trends, and the latest in blockchain tech. What's your take on this ETH bet—bullish or a setup for a rug? Drop your thoughts below!