The infamous Hyperliquid “OG Whale” — who pocketed nearly $200 million during the Oct. 10 market crash and several other well-timed trades — has now built a massive $44.5 million long position on Ether.
According to blockchain analytics firm Arkham Intelligence, the trader, sometimes dubbed the “$10B HyperUnit Whale,” added another $10 million to the position on Monday, bringing the total to $44.5 million.
“He is currently long $44.5M of ETH and is up over $300K in less than an hour,” Arkham said in a post on X.
The whale has become notorious in recent weeks for scoring massive profits from a series of impeccably timed market shorts. If their latest move plays out, they’ll now be positioned to ride a potential rally in Ether.
Their identity remains unknown — Arkham Intelligence still labels the wallet as an “unverified custom entity.” Former BitForex CEO Garret Jin has denied owning the wallet, though blockchain investigators uncovered links suggesting he may know the person behind it.
ETH has risen 2% in the past 24 hours amid a broader market rebound and is trading near $2,900, according to CoinGecko.
Analysts say shifts in futures market data suggest crypto may be carving out a bottom, but it’s still unclear whether bulls or bears will gain control next.
