A major crypto whale has opened a long position in Ethereum (ETH) worth more than half a billion dollars on the Hyperliquid exchange.
A popular Hyperunit whale has withdrawn $110 million from Binance to add to an Ethereum position worth over $540 million. The whale also holds Bitcoin and Solana longs worth $90 million and $33 million, respectively.
Bitcoin, Ethereum and Solana remain under pressure since the Fed's hawkish rate cut.A major crypto whale has opened a long position in Ethereum worth more than half a billion dollars on the Hyperliquid exchange.According to Arkham Intelligence data, the entity, popularly known as the $10 billion Hyperunit whale, pulled $110 million from Binance on Friday to add to an ETH position now worth over $540 million. The whale is holding an unrealized loss of $14.4 million on this position.The Hyperunit whale also holds long positions in Bitcoin and Solana worth $90 million and $33 million, respectively.Known for turning $850 million in BTC accumulation into a $10 billion portfolio, the whale's action in the past few months has coincided with key price movements in the crypto market.During the October crash, the whale executed BTC shorts totalling $485 million, gaining over $200 million as prices tumbled.Bitcoin, Ethereum remain weak following Fed's actionThe crypto market has been under pressure since the Federal Reserve delivered a hawkish rate cut on Wednesday. Despite lowering rates by 25 basis points, the agency maintained a cautious tone, with Fed officials anticipating only one rate cut in 2026.Bitcoin has declined by 4% since the decision, testing the $90,000 level at publication time on Friday.Ethereum is down 4% over the past 24 hours, extending its loss since Wednesday to 8% after breaching the $3,100 level. Solana has also faced its fair share of loss, declining by 7% since the Fed's decision. Related news Ethereum Price Forecast: ETH breaches $3,100 as accumulation and whale buying persist Bitcoin Weekly Forecast: Fed delivers, yet fails to impress BTC traders Crypto Today: Bitcoin and Ethereum aim for recovery, XRP holds key support
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