The infamous hyperliquid “OG Whale,” which made nearly $200 million from the October 10 market crash, has amassed $44.5 million in long Ether positions together with several other successful firms.
According to data from blockchain analytics platform Arkham Intelligence, the whale, dubbed by some because the “$10 billion HyperUnit whale” and never yet officially identified, added $10 million to an existing long position on Monday, bringing the overall to $44.5 million.
“He is currently invested with $44.5 million in ETH and is up over $300,000 in lower than an hour,” Arkham said in an X post on Monday.
OG Whale wallet activity. Source: Arkham Intelligence
Since last month, the whale has gained notoriety for profiting heavily from several well-timed short positions out there. If they’re right again, they might profit from a possible rally for Ether (ETH).
The whale’s identity stays a mystery as Arkham Intelligence lists an “unverified custom entity” next to its wallet ID.
Former CEO of now-defunct crypto exchange BitForex, Garret Jin, has denied being the owner of the wallet, but apparently confirmed a connection to the person after blockchain experts did some research last month.
In addition to a broader upswing within the crypto market, ETH is up 2% within the last 24 hours and is currently trading at around $2,900, in accordance with data from CoinGecko.
Industry analysts and experts have pointed to changes in futures data, arguing that the crypto market could also be forming a bottom, however it stays to be seen whether the bulls or the bears will prevail.
