Mysterious Hyperliquid Whale Snaps Up $44.5M in Ether Longs After Massive Crash Gains

Quick Breakdown 

• Hyperliquid’s infamous whale has increased their ETH long to $44.5 million, earning $300K within an hour.
• The trader previously made nearly $200 million from the October 10 crash through perfectly timed shorts.
• Their identity remains unknown, though former BitForex CEO Garret Jin denied ownership but hinted at a possible connection.

The infamous trader makes another bold bet

The enigmatic Hyperliquid trader who pocketed nearly $200 million during the October 10 market wipeout is back in the spotlight, this time loading up heavily on Ether longs worth $44.5 million.

Blockchain analytics firm Arkham Intelligence revealed that the whale increased an existing long position by another $10 million on Monday, adding fresh fuel to ongoing speculation about the investor’s identity and market intentions.

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

“He is currently long $44.5M of ETH and is up over $300K in less than an hour,”

Arkham noted in an X update.

A Whale with a shockingly accurate track record

Over the past month, the trader who was dubbed the “$10B HyperUnit Whale” in some circles has gained notoriety for a series of perfectly timed shorts that turned the brutal October crash into a personal windfall.

If their instincts prove right again, this latest position suggests a wager on a continued ETH rebound, as the asset trades around $2,900 following a 2% uptick in the past 24 hours, according to CoinGecko.

Yet, despite intense scrutiny from blockchain sleuths, the identity behind the account remains hidden. Arkham still labels the wallet as an “unverified custom entity.”

Identity rumours continue, but no confirmation

Speculation flared last month when online investigators linked the wallet activity to Garret Jin, former CEO of the collapsed BitForex exchange. Jin dismissed claims that he owns the wallet, but his response hinted that he may indeed know the person behind the trades, only adding to the mystery.

Market shows signs of bottoming, analysts say

The whale’s bullish stance comes amid a broader market recovery, with industry analysts pointing to shifts in futures data as possible signs that crypto may be carving out a bottom.

In October, a 2009-era Bitcoin wallet moved 150 BTC, worth over $16 million, after 14 years of inactivity. The wallet is tied to an early miner who once held nearly 8,000 BTC, but now has 3,850 BTC.

 

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