Whale Wallet Opens 25x Ether Long After Building $50 Million Position

A whale wallet opened a 25x leveraged long on Ether (ETH) after building long positions in Bitcoin (BTC) and ETH worth about $50 million, increasing its exposure to the two largest crypto assets.

The diamondbull.eth address opened a long position covering 11,500 ETH, valued at $28.72 million. The position ranked seventh among ETH long positions on Hyperliquid and showed an unrealized loss of $109,000 at the time of the observation.

The diamondbull.eth and samurai.eth addresses belonged to the same whale. The samurai.eth address held additional long positions in 200 BTC and 2,000 ETH, valued at $21.58 million, with an unrealized gain of $753,000.

The figures were recorded at 9:27 a.m. ET (13:27 UTC) on Oct. 9. The combined exposure was split between a highly leveraged ETH trade and a separate BTC-and-ETH position.