‘OG whale’ who called the October crash has a $44.5M long on Ether

The Hyperliquid whale that made $200 million in the October crash has just added another $10 million to its long position on Ether.

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.

OG Whale wallet activity. Source: Arkham Intelligence

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.

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.