White Whale Sparks Crypto Rally with $359M in Long Trades

In a week marked by high volatility, the prominent trader known as "The White Whale" has retained the top spot on the Hyperliquid leaderboard. Despite market turbulence that led to major liquidations, this trader maintained a firm hold through strategic long positions.

Trader Dominates Hyperliquid Leaderboard

Currently, The White Whale holds substantial long positions in three key cryptocurrencies: 48,405 ETH worth approximately $181 million, 810,717 SOL valued around $152 million, and 223 BTC totaling nearly $26 million. The unrealized profit from these positions stands at an estimated $33 million.

Source: lookonchain data

Four Wallets Fuel Rapid Gains

The trader's remarkable performance was powered by four separate wallets. Each contributed to long positions in ETH and SOL, locking in nearly $30 million in gains within a single week. This coordinated move helped him soar past competitors and claim the top ranking on the platform.

Supporting data shows wallet activity on Hyperliquid consistently climbing, showcasing sharp upward movements in both performance and returns. Links to the active wallets show real-time trading metrics, reflecting strategic entry points and strong risk management.

Meanwhile, fresh wallets are also making headlines. On July 25, a new cluster accumulated 42,788 ETH , totaling $159 million in one day. Since July 9, eight newly created wallets have amassed a combined 583,248 ETH valued at $2.17 billion, fueling speculation about major institutional involvement.

These events highlight growing momentum on-chain, and The White Whale remains a dominant figure in this rapidly evolving trading landscape.

Bitcoin (BTC) is on an upward streak as it has risen to 118,094 with the rise occurring in a daily format of 1.58%. This relatively recent surge in prices drives the total market capitalization of the cryptocurrency above $2.34 trillion which is quite an impressive number.

In the meantime, Ethereum (ETH) is shaking the waves as well, holding its good status slightly above the level of $3,733. In the last one month, Ethereum is up by almost 54 percent, indicating the long-lasting investor behavior. Its market value is at display as about $450.5 billion with an impressive 2.6 percent daily increase, and it demonstrates the indication of a strong momentum.

Solana (SOL) is the 6 th ranked cryptocurrency and it has also performed well since it went up by 3.03% in a single day. The token has gained in price to trade at $185.97 as investors gain interest in its high white performing and scalable blockchain technology. The general market mood remains positive as major crypto-currencies are doing well.

In summary, these trends reveal a clear direction in the marketplace dynamics comprising of strategic traders and increased interest by the institutions. The crypto market seems destined to explode and increase on-chain activity with big actors like The White Whale taking the lead.