The infamous Hyperliquid “OG Whale” who made nearly $200 million from the Oct. 10 market crash, alongside a few other successful plays, has loaded up $44.5 million in Ether longs.
The whale, known by some as the “$10B HyperUnit Whale,” who has yet to be officially identified, added $10 million to an existing long position on Monday, taking the total up to $44.5 million, according to data from blockchain analytics platform Arkham Intelligence.
“He is currently long $44.5M of ETH and is up over $300K in less than an hour,” said Arkham in an X post on Monday.
Since last month, the whale has gained infamy for profiting handsomely through several well-timed market shorts. If they are right again, they would be capitalizing on a potential rally for Ether (ETH).
The identity of the whale remains a mystery, with Arkham Intelligence listing an “unverified custom entity” alongside their wallet ID.
Related: ETH price drops to 4-month low, but Ether futures data hints at bounce to $3.2K
The former CEO of now-defunct crypto exchange BitForex, Garret Jin, has denied he is the owner of the wallet, but seemingly confirmed a connection to the person after some digging by blockchain sleuths last month.
Alongside a broader surge across the crypto market, ETH has climbed 2% over the past 24 hours and is currently trading at around $2,900, according to CoinGecko data.
Industry analysts and experts have been pointing to changes in futures data to argue that the crypto market may be forming a bottom, but it remains to be seen if the bulls or bears will take over.
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