A top-40 Hyperliquid wallet opened a fresh ~$3.3M ETH long, 20x, as Binance hack fears hit
While the market was digesting reports of a suspected Binance hot-wallet drain, one of the wallets on TradeAssi's Hyperliquid leaderboard went long $ETH from zero.
What TradeAssi's whale tracker caught (wallet 0xb885...3c54, #37 on the leaderboard, ~$1.54M total PnL per the tracker):
21:55-21:58 UTC today: opened a NEW ETH long of 1,450 ETH at ~$2,274.34 avg, about $3.30M notional, 20x cross. The first fill started from a flat ETH position.
Still open at 22:43 UTC: mark ~$2,278.6, unrealized about +$6.2K.
Right after, 22:03-22:08 UTC, it opened shorts in ENA (985K, ~$179K) and kPEPE
($413K).
The rest of the book (so you see the whole picture):
An older BTC long: 44.19 BTC at ~$89,642 entry, about $3.5M, down about $465K unrealized.
An older ZEC short: 682.2 ZEC at $1,465, up about $140K unrealized.
Account value about $854K against ~$8.3M total notional. This is a high-leverage book, not a cautious one.
Not a bot: about 250 fills in 14 days, trading in bursts (Oct 16, 18, 24-26, 29). Its last ETH long was opened Oct 24 and closed Oct 25-26 around $2,344.
Context, not cause: the long went in about 90 minutes after the first flagged Binance outflow (20:24 UTC). Binance says it is investigating and has not confirmed any impact on user funds. I am not saying the news is why this wallet traded.
Read the tape honestly: a long ETH plus short ENA/kPEPE mix looks like a bet that ETH holds up better than higher-beta alts, but only the wallet knows. At 20x, a small move against it matters.
Market check (Binance spot, 22:42 UTC): $BTC ~79,136 (-2.7% 24h). $ETH ~2,279 (-3.5%). $BNB ~704 (-7.0%).
On TradeAssi I'm following this wallet with whale alerts, to see whether it holds, adds or cuts.
Would you buy a hack-headline dip with 20x, or wait for the official report?
Not financial advice. This is what the tracker saw, not a trade signal.
#WhaleAlert #Hyperliquid #ETH
Source: https://tradeassi.com/en/alerts