A Hyperliquid whale that once shorted 16 altcoins and profited $13.68 million is suspected of having transferred a cumulative total of $21.82 million worth of ETH to exchanges.

According to Odaily, on-chain analyst Ai Yi reports that the Hyperliquid whale, which previously profited $13.68 million by shorting 16 altcoins, appears to be selling ETH again. Since June 24, it has transferred a total of $21.82 million worth of ETH to exchanges, with an estimated loss of $5.485 million. Four hours ago, the address deposited another 6,860 ETH (worth $10.8 million) to Binance at a deposit price of $1,574. If sold, this would result in a loss of $2.86 million. The address accumulated ETH from February to March this year at an average price of $1,991.