190,000 ETH still in hand — well-known whale significantly redeems and cashes out after staking in April

2025-12-17 14:40:13

【Crypto World】On December 17th, on-chain data drew attention. The HyperUnit whale associated with Garret Jin, after a short 4-month staking period, redeemed a total of 166,000 ETH from the staking contract, worth approximately $488 million. This move clearly indicates the whale’s short-term cash-out intention.

Interestingly, although some funds have already left, this address still holds nearly 190,000 ETH in long positions on the Hyperliquid platform, valued at about $562 million. This suggests that the whale is not entirely bearish on the market, but is maintaining a significant long position on the derivatives platform.

This operational pattern is worth noting: profiting from staking contract withdrawals while increasing long positions on leverage platforms. Is this a risk hedge or a different form of bullish outlook on the market? Market observers may need to keep a close eye on this address’s subsequent actions.

ETH-0.22%

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DegenMcsleepless

· 12-17 15:07

Bro, this move is incredible. Cash out with the left hand and add more with the right hand, a classic case of wanting it all. Although the words sound a bit pretentious, I believe it. This whale is clearly betting on the future market. Staking, redemption, and going long on contracts all at the same time—truly a master. This is what real hedging looks like, not just risk management on paper. I bet five bucks that this guy will make a big move later on.

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LiquidityNinja

· 12-17 15:03

Oh my goodness, what kind of strategy is this guy playing? Cashing out on one hand while aggressively leveraging on the other? Selling on the left hand and going long on the right— is this hedging or just trying to gamble? Running away after four months, sounds like a big move at a high point. Is this whale trying to stay calm or does he know some insider information? A long position of 190,000 ETH on Hyperliquid— either genuinely bullish or just courting disaster. Unbelievable, wanting to enjoy staking rewards while also trying to gamble on the price— this must be the daily routine of professional traders.

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shadowy_supercoder