The notorious Hyperliquid ‘OG Whale’, who had accrued approximately $200 million from the market crash on October 10, has significantly increased its investment, now holding a total of $44.5 million in long positions on Ether.
Recently, this whale, also referred to as the ‘$10B HyperUnit Whale’, added another $10 million to its existing long position, per data from the blockchain analytics platform, Arkham Intelligence.
“He is currently long $44.5M of ETH and is up over $300K in less than an hour,” Arkham stated in a post on X (formerly Twitter) on Monday.
Translation: He currently has an Ether investment worth $44.5 million and has gained over $300,000 in under an hour.
As of last month, this whale has gained notoriety for making considerable profits through well-timed market investments. If successful again, they might benefit from a rally in Ether (ETH).
The whale’s identity remains unknown, with Arkham Intelligence classifying them as an “unverified custom entity” linked to their wallet.
In response to this buzz, the former CEO of BitForex, Garret Jin, has publicly denied owning the wallet, although he implied a connection to the whale as blockchain analysts explored links last month.
In the wake of a broader upturn in the cryptocurrency market, ETH has seen a 2% increase in value over the last 24 hours, trading around $2,900, according to CoinGecko data.
Industry experts suggest that recent changes in futures data could indicate that the crypto market is nearing a pivotal moment, though whether bullish or bearish trends will dominate is yet to be concluded.
For further related content, see: ETH price drops to 4-month low, but Ether futures data hints at bounce to $3.2K.
