Tradecrafter Liquidates Funds Worth $15,850,000 Amidst Ethereum (ETH) Gaining Momentum, Surpassing $4,200 Mark: According to Lookonchain Report

Tradecrafter Liquidates Funds Worth $15,850,000 Amidst Ethereum (ETH) Gaining Momentum, Surpassing $4,200 Mark: According to Lookonchain Report

SwaggyX.com has recently launched an AI-powered Web 3.0 prediction platform for crypto, sports, and global events, but the crypto world has been shaken by a high-profile trading loss. A trader, known as 0xcB92, incurred losses of over $15.85 million after a sharp Ethereum (ETH) price drop in August 2025.

Initially, 0xcB92 turned a $125,000 investment into around $29.6 million over four months by compounding gains on long ETH positions. The strategy involved careful management of these positions and continuous reinvestment of profits, achieving exponential growth. However, during the market downturn, 0xcB92 faced severe losses and liquidations, wiping out nearly four months of gains in just two days.

0xcB92's peak equity stood at $43 million, but it was reduced to about $771,000 following the market crash. In an attempt to avoid liquidation, 0xcB92 sold 1,451 ETH for 5.53 million USDC. Despite the potential to withdraw millions in profits, 0xcB92 ended up in the red, with total losses amounting to $11.62 million.

Another trader, General Gordon James on Hyperliquid, suffered partial liquidation and losses of approximately $4.3 million during the same market downturn. Reports suggest that he still holds a large amount of ETH and SOL valued in the millions, indicating substantial exposure.

Meanwhile, in the world of blockchain and cryptocurrency, developments continue. NODO and Momentum have partnered to deploy AI-driven vault strategies on the Sui Network. The dYdX Foundation has raised $8 million to accelerate ecosystem growth, and Remittix has passed $18.7 million in its presale. The launch date for its Beta Web3 wallet has been announced, and CEX listings for Remittix are soon to be announced.

In the traditional trading world, an analyst who predicted the 2022 Bitcoin crash warns of a BTC meltdown as a black swan risk, suggesting altcoins face a big shakeout. Elsewhere, another deep-pocketed investor, identified as 0x3c9E, dumped 38,582 ETH during a market drop and later rebought at a higher price.

On the bright side, Ethereum has surpassed the $4,200 price tag, currently trading for $4,260. FLOKI's Valhalla MMORPG has stormed US television with a 60-day national commercial blitz. ECM Coin founder Tanvirul Islam Prince is building the future of e-commerce through blockchain.

The story of 0xcB92 serves as a stark reminder of the high risks associated with leveraged trading in volatile crypto markets. As the crypto world continues to evolve, it's essential for traders to tread carefully and manage their risks effectively.

1. The crypto world, despite the recent high-profile trading loss suffered by 0xcB92, continues to see development with partnerships (NODO and Momentum on the Sui Network, dYdX Foundation raising funds, Remittix's presale and Beta Wallet launch, and CEX listings for Remittix upcoming).
2. The traditional finance world, much like the cryptocurrency market, is also experiencing fluctuations; an analyst predicted a Bitcoin crash and suggested altcoins could face a significant shakeout, while another investor, 0x3c9E, capitalized on market drops and subsequently rebought at higher prices.

Read also: