Whale Switches to Long ETH, Holding $119.6M in Assets
A major trader on Hyperliquid maintains large ETH and XRP long positions totaling $273 million, despite facing over $22 million in unrealized losses after a mid-November buying surge.
ETH
XRP
HYPE
Summary
Hyperliquid’s largest ETH long whale, identified as 0x9ee, currently holds $180 million in ETH longs at $3,224 and $94.4 million in XRP longs at $2.29. These positions have declined by $15 million and $7.59 million respectively, resulting in a combined unrealized loss of $22.8 million. The $273 million total exposure follows a significant buying spree that began around November 14, underscoring the trader's continued high-conviction stance despite market pullbacks.
Terms & Concepts
- Whale: A market participant holding large amounts of cryptocurrency, capable of influencing market trends.
- Ethereum (ETH): A decentralized blockchain platform featuring smart contract functionality, with its native cryptocurrency used for transactions and network operations.
- XRP: The native cryptocurrency of the XRP Ledger, primarily used for fast and low-cost cross-border payments.