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.
