A recent investigation by ZachXBT has uncovered the identity of the 'Hyperliquid Whale', a trader allegedly making $20 million through highly leveraged trades.
The Rise of the Hyperliquid Whale
The crypto community was captivated by a trader profiting massively from high-leverage positions. Two trades stood out: a $10 million profit from a 50x long position on Ethereum and Bitcoin just before a Trump announcement, and a $9 million gain from a 40x Bitcoin short.
The Investigation Unfolds
ZachXBT identified William Parker as the trader, linking him to wallets used for online gambling sites, phishing scams, and casino exploits. Parker used wallet 0xf3f for significant transactions involving illicit funds.
Market Impact and Criminal Past
Parker's aggressive trading led to market disruption, including a $4 million loss for a Hyperliquid vault. His criminal history, including a $1 million casino theft in 2023, highlights the unlawful nature of his cryptocurrency profits.
With the identity of the Hyperliquid Whale revealed, the crypto community awaits potential regulatory actions. Parker's criminal past and tactics suggest further investigation is required.
