The “insider whale” who made nearly $200 million during the market crash on October 10 is making a comeback, this time heavily betting on an Ethereum rebound. According to blockchain analytics firm Arkham Intelligence, this trader, widely known as the “OG Whale” or “10 billion dollar super liquidity whale ($10B HyperUnit Whale),” increased his already large Ethereum long positions on Monday, bringing his total holdings to $44.5 million.
The whale has added another $10 million in long positions, which has already made a profit of over $300,000 within the first hour. The wallet has not yet been verified, but blockchain investigators linked it to Garret Jin, the former CEO of BitForex, last month. Jin denies owning the wallet but admits to knowing the trader behind it.
As this Whale engages in high-value long positions, the trading price of Ethereum approaches $2900, having risen by about 2% in the past 24 hours, with the overall cryptocurrency market also showing an upward trend. (Cryptonews)
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