An on-chain detective reports that a whale added nearly $12,000,000 to an ETH position against the market trend.

On September 28, BlockBeats reported, citing TradingBeats monitoring, that Hyperliquid address 0xe77c opened about $11,910,000 in long positions on major tokens during a market pullback. More than 60% of the added buy value went to ETH, where the address bought 2,750 ETH at an average price of about $2,684, worth about $7,380,000.

ETH Anchored the Dip Buy

The ETH portion was the largest single allocation in the reported activity. Buying 2,750 ETH at about $2,684 gave the address a larger directional exposure to one of the most widely traded digital assets while other added longs were smaller in dollar terms.

BTC and SOL Activity Showed Mixed Conviction

Alongside ETH, the address added 25 BTC at an average price of $83,689, worth about $2,090,000. It also added 20,000 SOL at an average price of about $121.6, worth about $2,430,000. The SOL long position was raised from an existing 30,000 SOL to 50,000 SOL before being fully closed, leaving ETH and BTC as the positions still carried by the address.

Current Exposure and Unrealized Loss

The address still held 325 BTC and 4,250 ETH in long positions at the time of the report. The two remaining exposures carried a combined unrealized loss of about $600,000, meaning the open positions were marked below their entry prices even as the address had continued adding longs during the pullback.

Why the Move Matters to Readers

Large-address activity is closely followed because it can show where a sizable holder is willing to commit capital when prices move against recent momentum. A $11,910,000 addition concentrated in ETH shows a preference for ETH exposure, while the SOL closure shows the address did not maintain all added positions. For readers, the key point is not a price forecast, but a data signal: one tracked Hyperliquid address increased long exposure to major tokens during a decline and still carried underwater BTC and ETH positions.