Synopsis: Anonymous whale 0xc2a3 holds $400M leveraged longs on Hyperliquid: $150.23M ETH, $133.09M BTC, $110.48M SOL, $6.69M HYPE, with a flawless 100% win rate and major market impact.
A mysterious crypto whale using the wallet address 0xc2a3 has amassed leveraged long positions totaling over $400 million on the Hyperliquid exchange. As of November 3, 2025, this trader holds sizable bets in Bitcoin, Ethereum, Solana, and Hyperliquid’s own token, HYPE.
What fascinates market watchers is the whale’s spotless record 50+ profitable trades this year with a perfect 100% win rate. Despite some unrealized losses in Solana amid recent volatility, this trader has earned more than $16 million in gains, making waves in the crypto space.
Massive Positions
The whale’s most significant exposure is in Ethereum and Bitcoin. Ethereum stands at $150.23 million with 10× leverage, while Bitcoin clocks in at $133.09 million with 13× leverage. Solana follows with $110.48 million also leveraged 10 times. Notably, the trader opened a fresh 10× long on HYPE with $6.69 million, showing strong conviction in the Hyperliquid platform’s native token. These positions add up to $400 million, the largest ever reported for this wallet.
What makes this trader remarkable is the meticulous risk management: a hard stop-loss at 3%, rapid rotations never holding losing positions overnight, and averaging in trades over minutes to capture dips. Adding over $20 million in a single asset often triggers swift, 1-3% price pumps on Hyperliquid, illustrating the whale’s market-moving power.
Rising Impact
Hyperliquid exchange has been surging, with open interest spiking to $6.6 billion, its highest since launch. Daily trading volumes now exceed $10 billion. This whale’s recent $24 million net increase in positions caused $140 million in short liquidations within just an hour, showing how impactful a single trader can be in such a tightly connected ecosystem.
The increasing attention to HYPE is linked to a recent airdrop that distributed 31% of its supply, valuing the token around $14 billion fully diluted. The whale’s holding in HYPE is the only altcoin position it includes beyond the mainstream trio of BTC, ETH, and SOL, reflecting belief in Hyperliquid’s explosive growth.
A Market Signal?
This trader’s perfect track record and massive long bets send a clear message: the market might be underpricing the upside for these top cryptos and Hyperliquid itself. The whale’s moves imply expectations of BTC hitting $120,000, ETH rising to $5,000, SOL pushing $250, and Hyperliquid’s volume doubling to $20 billion per day.
Although the crypto market remains volatile, following a trader with such consistency might be wise. It will be intriguing to see if the “100% Win-Rate Whale” keeps their streak alive going forward.
In the fast-moving world of crypto, this whale’s actions show how a single player with deep pockets and sharp strategy can influence prices and sentiment. For everyday traders, these insights offer clues on where the smart money heads next. As always, prudent risk management remains key, but watching this whale’s journey is sure to be fascinating.
Written By Fazal Ul Vahab C H