The 1011 Flash Crash Whale Accumulates Over $600 Million in Bullish Positions

In an intriguing follow-up to the October 11th market turbulence, a notable whale trader who initiated substantial positions following the flash crash has now further increased its bullish bets. According to the latest Hyperbot analytics, the 1011 whale has grown its total holdings to exceed $613 million, signaling either increased conviction in the market recovery or a calculated long-term accumulation strategy. This whale, which initially deployed capital when panic selling hit the markets during the October downturn, continues to demonstrate aggressive positioning in the current market environment.

Strategic Buying Spree: Whale’s ETH Holdings Surge to New Levels

The ethereum accumulation has been particularly aggressive, with the 1011 whale boosting its ETH long exposure to 150,466.58 ETH—representing approximately $450 million in value at depressed historical pricing. This reflects an addition of roughly 10,372.58 ETH from its initial October position of 140,094.52 ETH. The persistence in adding to ethereum positions despite the volatile market backdrop underscores the whale’s conviction. Notably, at today’s price of $3,010 per ETH, the same holdings would be valued significantly lower than the historical $3,266 it held at the time of the December update, suggesting the market has experienced downward pressure since this whale last made headlines.

SOL Accumulation Intensifies Amid Market Volatility

Solana tokens have received even more aggressive accumulation efforts from the 1011 whale. The trader has increased its SOL long positions to 212,906.93 SOL—adding nearly 113,000 SOL from its initial 100,000 SOL baseline. At the time of reporting, these positions were valued at approximately $29.8 million. The aggressive doubling of Solana exposure, combined with ethereum accumulation, suggests the whale is building a balanced portfolio bet on layer-1 blockchain ecosystems. In the current market with SOL trading at $126.22, this position has similarly experienced valuation fluctuations, though the whale’s willingness to keep adding suggests a longer-term accumulation thesis rather than short-term trading.

Paper Gains Exceed $13 Million as Market Dynamics Evolve

Despite the recent price movements, the 1011 whale maintains unrealized profits totaling $13.35 million across its entire $613 million position book. This positive carry, maintained even through market volatility, reflects the strategic timing of the whale’s initial October 11th entry and its subsequent prudent accumulation approach. The whale’s continued buying behavior—adding both ETH and SOL simultaneously—suggests confidence that the market turbulence represents a buying opportunity rather than a signal to reduce exposure. For market observers, the 1011 whale’s behavior remains a key indicator of institutional or sophisticated trader sentiment regarding ethereum and Solana’s medium-term prospects.