TL;DR:
- Current Wealth: Wallets linked to the entity hold approximately $1.31 billion in Ethereum and $750 million in Bitcoin.
- Asset Contraction: The total value of the portfolio stands near $2.06 billion, compared to the $10 billion previously reported.
- Recent Activity: A transfer of $1,600 to the ChangeNOW platform was recorded, interpreted by analysts as a possible address cleanup.
The digital asset ecosystem is closely following the movements of a Hyperunit whale, whose wallets recorded a significant decrease in capital in recent months. In this regard, Arkham released information this Monday indicating that the assets under management of this entity have stabilized around $2.06 billion, marking a significant decline from its estimated historical peak.
The Hyperunit Whale: From $10B to $2B
He once managed over $10 Billion of assets, now down to only $1.31B of ETH and $750M of BTC.
He just sent $1.6K to ChangeNOW. Is he cleaning out his addresses after getting liquidated? pic.twitter.com/iWMaoVHkfH
— Arkham (@arkham) May 4, 2026
Breakdown of Bitcoin and Ethereum Holdings
The current distribution of the portfolio reflects a predominance of the two assets with the highest market capitalization. On-chain data indicates that the whale maintains $1.31 billion in Ethereum (ETH) and at least $750 million in Bitcoin (BTC). This consolidated figure of $2.06 billion represents only a fraction of the $10 billion that various market accounts attributed to this operator during previous periods of high volatility.
Information from Arkham indicates that this whale, linked in previous reports to high-risk trading strategies, likely faced severe liquidations during the market adjustments of early 2026. Specifically, January reports indicated that the entity closed long positions in ETH following a 10% drop in the asset’s price, resulting in million-dollar losses that impacted the overall portfolio balance.
Impact of Liquidations and Operational Movements
Discussion among traders intensified after an unusual transfer was detected, albeit for a small amount. The on-chain alert system signaled the sending of $1,600 to the ChangeNOW exchange. Although the figure is irrelevant compared to the total volume of the account, some analysts suggest that this movement could indicate a phase of closing inactive addresses or an operational restructuring following the leverage losses suffered in the first quarter.
Projections based on transaction history indicate that the operator could have lost nearly $8 billion due to unfavorable market movements. According to analyst posts on X and trading platforms, the use of leveraged positions in Bitcoin and Ethereum was likely the determining factor in the erosion of its capital. During the high-volatility sessions of February, long positions faced constant liquidation pressure as the prices of major assets retreated from their local highs.
Despite the magnitude of the reported losses, the tracked wallets still control one of the largest individual reserves of cryptocurrencies in the spot market. Data from late April 2026 shows that, although the wealth has contracted, the influence of this entity on the liquidity of BTC/USD and ETH/USD pairs remains a factor of vigilance for market makers.
The lack of an official statement from the owners of these addresses keeps the exact cause of the collapse under technical scrutiny. Traders project that the next volatility milestone could occur with the expiration of monthly options at the end of May, an event that will determine whether the Hyperunit whale maintains its current positions or continues the process of reducing exposure.
