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The identity and strategy of the cryptocurrency investor known as the “Hyperunit Whale,” whose on-chain assets once exceeded $11 billion, are back in the spotlight.
The cryptocurrency analysis platform Arkham X announced in a post that the whale in question sold half a billion dollars worth of Ethereum ($ETH).
On-chain data shows that the anonymous investor held Bitcoin ($BTC) for years, but changed strategy in 2025, aggressively accumulating Ethereum.
Arkham stated in its announcement that the investor known as the “Hyperunit Whale” is most likely a Chinese investor.
Arkham stated that the Hyperunit Whale accumulated a large amount of Bitcoin during 2017–2018, purchasing over 100,000 $BTC at the beginning of 2018, and is considered a major Bitcoin whale.
The giant whale held the vast majority of his $BTC holdings for approximately seven years, until 2025. However, in August 2025, with the increasing interest in Ethereum on Wall Street and Tom Lee accelerating his $ETH purchases, he changed strategy and began buying $ETH.
In August 2025, approximately 39,738 $BTC (worth $4.49 billion at the time of transfer) was sent to Hyperunit in exchange for $ETH.
During this process, it is stated that the whale acquired 886,371 $ETH worth $4.07 billion, of which 856,372 $ETH were staked on Beacon Chain.
However, the giant whale suffered a huge loss on his Ethereum investment.
While leveraged $ETH positions and spot $BTC/$ETH assets experienced losses of approximately $3.7 billion, the loss in staked $ETH was around $1.2 billion.
Taking all positions into account, Hyperunit Whale’s total profit and loss is estimated to be approximately $5 billion from its peak.
*This is not investment advice.
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