The infamous hyperliquid “OG Whale”, which made nearly $200 million in the October 10 market crash, amassed $44.5 million in Ether longs, among several other successful plays.
The whale, known by some as the “$10 billion hyperunit whale,” which has not yet been formally identified, added $10 million to its existing long position on Monday, bringing the total amount up to $44.5 million, according to data from blockchain analytics platform Arkham Intelligence.
“He is currently long $44.5 million in ETH, up over $300,000 in less than an hour,” Arkam said in an X post on Monday.
And the activities of Whale Wallet. sauce: arkham intelligence
Since last month, this whale has gained notoriety for making huge profits through some well-timed short sales. If they are right again, they will take advantage of the potential upside in Ether (ETH).
The whale’s identity remains a mystery, with Arkham Intelligence listing an “unidentified custom entity” along with the wallet ID.
Related: ETH price falls to 4-month low, but Ether futures data suggests recovery to $3.2 million
Garrett Zinn, the former CEO of the now-defunct cryptocurrency exchange BitForex, denied that he was the owner of the wallet, but appeared to confirm his connection to the person following an investigation by blockchain investigators last month.
According to data from CoinGecko, ETH has risen 2% in the past 24 hours and is currently trading at around $2,900, following a broader rally across crypto markets.
Industry analysts and experts are pointing to changes in futures data and claiming that the crypto market may be forming a bottom, but it remains to be seen whether they are bulls or bears.
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