The Identity of a Hyperliquid Whale Executing Hundreds of Millions of USD Worth of Leveraged Trades Has Been Revealed

This recent case of the identity of a Hyperliquid whale executing hundreds of millions of USD worth of leveraged trades on Bitcoin (BTC) and Ethereum (ETH) has caused a public sensation.

The recent case of the identity of a Hyperliquid whale executing hundreds of millions of USD worth of leveraged trades on Bitcoin (BTC) and Ethereum (ETH) has caused a public sensation.

Several members of the community have proposed hypotheses regarding the individual behind these high-value transactions.

On-chain investigator ZachXBT has now revealed the truth.

Hyperliquid trades mentioned in the article

Between January and March, a trader has been executing high-leverage trades on platforms like Hyperliquid and GMX. The trader’s activity peaked this month with two on-chain transactions.

Operating with the address 0xe4d3, the trader opened a substantial long position on both ETH and BTC at 50x leverage.

Related: Trump's Cryptocurrency Reserve Announcement Sparks $10 Million Profit for Hyperliquid Whale

The trade, which yielded a $10 million profit, coincided with Donald Trump's announcement concerning a cryptocurrency reserve.

Afterwards, the same trader, or a linked entity designated as 0xf3F4, capitalized on market volatility by initiating a large short position on BTC at 40x leverage, leading to an additional $9 million profit.

The activity of wallet address “0xf3F4” indicates connections to a series of related wallet addresses associated with Binance, Gamdom, ChangeNOW, and Roobet.

Source: ZachXBT

Activity of Wallet “0xf3F”

This wallet address is confirmed to have signed a message for an X (formerly Twitter) account named @qwatio, boasting about profits reaped on Hyperliquid.

Analysis indicates that the X account, used by 0xF3F, was likely purchased at some point and later renamed. This X account also follows and appears to be involved in phishing attacks, where another wallet address, “0x7ab,” served as the drainer fee recipient following a phishing attack on the 'projection.fi' project.

4/ 0xf3f signed a messaged for the X account @qwatio and stated he made $20M on GMX & HL.

This means he would have to control the related wallets in this cluster for the $20M number to be accurate.

I replied to him yesterday on X but the posts were deleted after.pic.twitter.com/aBDRc0HoVm— ZachXBT (@zachxbt) March 20, 2025

Further Investigation of Wallet Address “0x7ab”

As 0x7ab was the initial EVM address used by 0xF3F, ZachXBT traced the withdrawal sources on Solana from four casinos to identify the corresponding Solana wallet address.

This allowed ZachXBT to uncover a deleted Telegram account and trace the individual’s presence in a GMX group.

Source: ZachXBT

Real Identity Behind the Hyperliquid Event

A recent payment from this individual's address revealed a UK phone number linked to the name "William Parker." This individual is a known criminal.

Last year, WP was arrested for stealing approximately $1 million from two casinos in 2023 and was convicted in Finland. In the early 2010s, WP made headlines in the UK for fraud charges related to hacking and gambling.

10/ Who is William Parker?

Last year WP was arrested for stealing ~$1M from two casinos in 2023 and was sentenced in Finland.

Prior to this WP was known as Alistair Packover (William Peckover) before later changing his name.

In the early 2010s AP made multiple news headlines in the UK…https://t.co/yW7H7M0Z56— ZachXBT (@zachxbt) March 20, 2025