Crypto Whale Turns Bullish, Opens Nearly $100 Million Long Position on Hyperliquid (HYPE)

Jakarta, Pintu News – As reported by CoinSpeaker, three crypto whales showed an optimistic (bullish) attitude today, November 26, by opening long positions worth nearly $100 million on the Hyperliquid platform, based on the latest on-chain analysis.

Three Crypto Whales Open Nearly $100 Million Long Position in HYPE

These three whales were observed by Lookonchain in the two hours before the report was published, signaling a change in sentiment among well-capitalized traders. This also adds to the risk and expectation of a potential crypto market rally.

Read also: Grayscale Ready to Turn Zcash Trust into Spot ETF, Files with SEC!

According to the on-chain analysis, the most chosen assets for these large positions are Bitcoin and Ethereum , albeit with different strategic approaches.

The first whale, with wallet address 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902, opened low-leverage long positions on Bitcoin and Ethereum. The trader took a 3x long position on 311.9 BTC worth $27.14 million, and a 2x long position on 5,176 ETH worth $15.15 million.

Interestingly, the other two whales opted for a much more aggressive approach.
Address 0x2c26b98bba32196e05123db5e1469ee88cb67e17 opened a 20x long position on 346 BTC worth $30.09 million. While address 0x535e34b5ada64997afc88444271ae9b3f82b3867 opened a 25x long position on 7,000 ETH worth $20.49 million.

Combined, the four positions have a total face value of $92.87 million, based on data from Lookonchain.

Vitalik Buterin Moves $2.9 Million Worth of ETH to Railgun Privacy Protocol

Some of the big whales started to move as market conditions changed in the middle of the week. One of them is Ethereum (ETH) founder Vitalik Buterin, who just moved $2.9 million worth of ETH to the Railgun privacy protocol, according to data from Arkham Intelligence.

Read also: 4 Reasons Why Ethereum Price Could Be Bullish to $3,600, Here’s What Analysts Say!

The wallet address identified as Vitalik’s is known to hold around $700 million in Ethereum, and now around 0.42% of that total has moved anonymously.

Railgun uses zero-knowledge proof technology (zk-SNARKs) that allows token transactions and balances to be hidden in a shared pool. This allows users to deposit, transfer, and withdraw assets privately, without revealing the amount, sender, or receiver on the public blockchain.

This technology is similar to that used by the popular privacy coin Zcash , which also saw heavy activity from whales, this time from institutions.

Two weeks after Nasdaq-listed company Leap Therapeutics changed its name to Cypherpunk and started forming a ZEC-based digital asset treasury (DAT), another Nasdaq company named Reliance Global followed a similar strategy. Both of these moves show bullish signals towards the privacy coin.

In the same context, OceanPal’s Nasdaq-listed subsidiary SovereignAI bought 53.9 million NEAR worth $133 million for their DAT strategy. Meanwhile, the Monad project, which previously experienced bearish pressure, is now experiencing a resurgence with a MON price increase of more than 40% since launch.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Crypto Whales Turn Bullish, Open Nearly $100M Longs on Hyperliquid. Accessed on November 27, 2025