Sending 100K ETH 🥶 What’s Going On?
This one raised eyebrows fast. While still holding long positions on hyperliquid, the wallet known on-chain as the “1011 Flash Crash Insider Big Shot” just made a massive move in the opposite direction. About an hour ago, a total of 100,000 $ETH , worth roughly $292M was deposited into a Binance deposit address.
The transfer wasn’t done in one shot. It was split across two addresses, 0x308358d56A7319633dCDb4EACda485C3E0672311 and 0x396e52f7Ee3f3b3094BA9DE35932f0B10eBEe54E, before landing at 0x99E1E710fAf2EA090E5cFA5A600c1478031640be.
That’s what makes this confusing. On one side, exposure is still being maintained. On the other, nearly three hundred million dollars’ worth of #ETH is heading onto an exchange. Hedge? Preparation to sell? Internal rebalancing? Or something more tactical?
For now, it’s just data, but when someone with this history moves 100K ETH this fast, the market notices. anyways here is his hyperliquid address : 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. current floating loss there is around $52,500,000.
