Infamous ‘Hyperunit whale’ exits entire ETH position for $250 million loss, left with $53 in account: Arkham

The crypto trader known as the "Hyperunit whale," who previously gained notoriety for profiting around $200 million by shorting Bitcoin and Ether just before a market crash triggered by a tariff announcement in October, has now suffered a massive loss. Data from Arkham indicates the whale fully exited its Ether position on the Hyperliquid platform, realizing an approximate loss of $250 million, leaving only $53 in that specific account. This loss follows a sharp drop in ETH prices this week, which had already pushed the whale's unrealized losses past $130 million earlier in the week. The trader had previously built a significant long position in ETH, exceeding $730 million by mid-January, after their successful short trade. While the Hyperliquid account is nearly wiped out, Arkham data suggests the entity still holds $2.7 billion in other cryptocurrencies, highlighting the significant risks associated with leveraged trading even for highly sophisticated market players.

(Source：The Block)