Mystery Whale Bets $44M on Ethereum Rally After Predicting October Market Crash
A cryptic high-roller just placed a $44 million long position on Ethereum—weeks after accurately calling October's brutal downturn. The move signals extreme conviction in ETH's rebound potential, despite lingering macroeconomic uncertainty.
Whale watching: On-chain sleuths tracked the massive buy order to a previously dormant wallet. The entity's last major trade? A perfectly timed short before Q4's 30% market plunge.
Market mechanics: Liquidity pools show concentrated bids stacking up around $1,800 ETH—suggesting institutions are building positions while retail traders remain sidelined. 'When the suits start buying, the music's about to start,' quipped one analyst, between sips of their overpriced artisanal coffee.
Reality check: While the whale's track record demands attention, remember this is the same market where 'genius trades' often turn into tomorrow's liquidation porn. Proceed with cautious optimism.
TLDR
- An unidentified Hyperliquid whale who made nearly $200 million from the October 10 market crash has opened a $44.5 million long position on Ether
- The whale added $10 million to an existing position on Monday and was up over $300,000 within an hour
- The trader gained attention for several well-timed market shorts and is known as the “$10B HyperUnit Whale”
- Former BitForex CEO Garret Jin denied owning the wallet but confirmed a connection to the person
- Ether is currently trading around $2,900 after climbing 2% in the past 24 hours
An unidentified cryptocurrency trader on the Hyperliquid platform has placed a massive $44.5 million long position on Ether. The whale made headlines for profiting nearly $200 million during the October 10 market crash.
The trader added $10 million to an existing position on Monday. Data from blockchain analytics platform Arkham Intelligence tracked the transaction.
The whale gained over $300,000 within the first hour of opening the expanded position. The trader is known in crypto circles as the “$10B HyperUnit Whale” or “OG Whale.”
THE $10B HYPERUNIT WHALE JUST LONGED $40M $ETH
The OG Whale who made $200M shorting the market before the 10/10 crash just moved $10M to Hyperliquid and LONGED $ETH.
He is currently long $44.5M of ETH and is up over $300K in less than an hour. pic.twitter.com/vwiVXlrELS
— Arkham (@arkham) November 24, 2025
The identity of the whale remains unknown. Arkham Intelligence lists an “unverified custom entity” alongside the wallet ID.
Former BitForex CEO Garret Jin addressed speculation about the wallet’s ownership last month. He denied being the owner but confirmed a connection to the person after blockchain investigators traced potential links.
The whale built their reputation through several profitable short positions. Their success rate has attracted attention from traders and analysts across the crypto industry.
October Market Crash Trade
The trader’s most famous position came during the October 10 market downturn. They profited nearly $200 million from well-timed short positions during the crash.
The whale has executed multiple successful trades since then. Each MOVE has been tracked closely by blockchain analytics platforms and crypto community members.
Current Market Conditions
Ether is currently trading around $2,900 according to CoinGecko data. The cryptocurrency has climbed 2% over the past 24 hours.
The broader crypto market has experienced a surge alongside Ether’s price movement. Bitcoin and other major cryptocurrencies have also seen gains.
Industry analysts have been examining futures data for market direction signals. Some experts suggest the market may be forming a bottom based on these indicators.
The whale’s long position represents a bullish bet on Ether’s price. If correct, the trader WOULD profit from any upward price movement in the cryptocurrency.
Hyperliquid is a decentralized perpetual futures exchange. The platform allows traders to open Leveraged positions on various cryptocurrencies.
The whale’s trading activity continues to be monitored by blockchain analytics firms. Their wallet movements often generate discussion within the crypto trading community.
Ether reached a four-month low before the recent price recovery. The cryptocurrency has been trading below previous support levels established earlier this year.
