Ethereum: 1011 Insider Whale Expands ETH Long to 51,132 ETH (~$180M) with Ongoing Limit Orders
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
According to COINOTAG News via Hyperinsight, the so‑called 1011 Insider Whale has expanded its ETH long by more than 10,000 ETH, bringing the total to 51,132 ETH (about $180 million). The position is building through limit orders, including a buy of 1,867 ETH at a $3,520 entry.
The 5x ETH long shows an unrealized gain of roughly $2.94 million, about 8.6%, with an average entry near $3,462.
COINOTAG notes this address previously opened a BTC short ahead of the October 11 downturn, earning around $160 million, triggering community speculation about insider activity. Earlier, it reportedly redeployed BTC to an ETH balance from Hyperunit.
Garrett Jin, who represents the account, says client funds exceed $10 billion and are used in high‑leverage hedging (10x–50x). He contends the activity reflects legitimate hedging, not insider trading.