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

The infamous Hyperliquid “OG Whale” who made astir $200 cardinal from the Oct. 10 marketplace crash, alongside a fewer different palmy plays, has loaded up $44.5 cardinal successful Ether longs.

The whale, known by immoderate arsenic the “$10B HyperUnit Whale,” who has yet to beryllium officially identified, added $10 cardinal to an existing agelong presumption connected Monday, taking the full up to $44.5 million, according to data from blockchain analytics level Arkham Intelligence.

“He is presently agelong $44.5M of ETH and is up implicit $300K successful little than an hour,” said Arkham successful an X station connected Monday.

OG Whale wallet activity. Source: Arkham Intelligence

Since past month, the whale has gained infamy for profiting handsomely done respective well-timed marketplace shorts. If they are close again, they would beryllium capitalizing connected a imaginable rally for Ether (ETH). 

The individuality of the whale remains a mystery, with Arkham Intelligence listing an “unverified customized entity” alongside their wallet ID. 

Related: ETH terms drops to 4-month low, but Ether futures information hints astatine bounce to $3.2K

The erstwhile CEO of now-defunct crypto speech BitForex, Garret Jin, has denied helium is the proprietor of the wallet, but seemingly confirmed a connection to the idiosyncratic aft immoderate digging by blockchain sleuths past month.

Alongside a broader surge crossed the crypto market, ETH has climbed 2% implicit the past 24 hours and is presently trading astatine astir $2,900, according to CoinGecko data. 

Industry analysts and experts person been pointing to changes successful futures data to reason that the crypto marketplace whitethorn beryllium forming a bottom, but it remains to beryllium seen if the bulls oregon bears volition instrumentality over.  

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