Rewrite the
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.
Magazine: Ethereum’s Fusaka fork explained for dummies: What the hell is PeerDAS?
in well organized HTML format with all tags properly closed. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1500 words. Do not include the title and images. please do not add any introductory text in start and any Note in the end explaining about what you have done or how you done it .i am directly publishing the output as article so please only give me rewritten content. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.
