Whale closes ETH and SOL positions, losing over $3.2 million in a day; DASH short position still active

TokenSherpa · 2026-01-23T07:18:10+00:00

Recently, a whale closed their long positions on ETH and SOL on January 23, incurring a loss of $3.205 million, but still shorted DASH on a leveraged platform, indicating their view on DASH. The operational logic is worth noting, as short-term market fluctuations may impact their positions.

TokenSherpa

2026-01-23 07:18:10

Abstract generation in progress

【Blockchain Rhythm】A major whale has been very active recently. On January 23, a whale tracked as the “largest DASH short” (address 0x94d37) just closed its long positions on ETH and SOL, resulting in a loss of $3.205 million.

What’s more interesting is that this whale has not completely exited the market. It currently holds the top DASH short position on a leveraged trading platform, shorting 112,150.15 DASH with 5x leverage. It seems this guy has placed a heavy bet on DASH.

From the data, the operation logic of first closing positions at a loss and then increasing short positions on another asset is indeed worth observing. Short-term market fluctuations may put pressure on this position. The future trend can be followed for updates.

ETH1,04%

SOL0,46%

DASH10,18%

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NewDAOdreamer

· 10h ago

$3.2 million just disappeared like that. What kind of operation is this whale doing... Losing money and still daring to add more DASH shorts? The guts are really something.

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GasWhisperer

· 10h ago

ngl watching this whale hemorrhage $3.2m on eth/sol then go full degen on dash with 5x leverage is peak market inefficiency... like the mempool patterns don't lie, something's off with their execution timing here

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AirdropBuffet

· 10h ago

3.2 million lost and still going strong, this guy really has a thing for DASH. Either he's a gambler or there's some insider info we don't know about.

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CrossChainMessenger

· 10h ago

Losing 3.2 million USD is one thing, but do you really want to keep fighting DASH to the death? This whale is really a gambler.

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Hash_Bandit

· 10h ago

lol this whale taking a $3.2M L on eth/sol then doubling down on dash shorts with 5x leverage... that's either big brain or speedrunning liquidation, no in-between fr

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