Ethereum Whales Rebuild $40M Position After Massive Profits

A major Ethereum trader on Hyperliquid has rebuilt a substantial position after booking over $61 million in profits just three days prior.

The trader, known as the largest long investor on the exchange, re-entered the market with a 16,000 ETH long position worth approximately $40 million at an average entry price of $2,490 per ETH. This move suggests renewed bullish conviction despite recent market volatility.

This whale's decision to re-enter the market quickly after taking profits could be indicative of a strong medium-term outlook for Ethereum. The trader distributed the new position across multiple wallets, which may be a risk management tactic to minimize slippage and avoid drawing excessive attention.