Whale Sells 12,468 ETH for $8.99M Profit, Then Transfers 20M USDC to Hyperliquid to Go Long Crude Oil

A whale sold 12,468 ETH at an average price of $2,368, receiving 29.52M USDC and realizing approximately $8.99M in profit. Subsequently, the whale transferred 20M USDC to Hyperliquid to open long positions on crude oil. Its current crude oil long positions are valued at roughly $22.4M, covering CL (WTI Crude Oil) and BRENTOIL (Brent Crude Oil) contracts, with the whale still adding to positions. Earlier in early June, this whale executed cyclic borrowing of 30M USDS on Spark, using leverage to purchase 18,212 ETH at an average price of $1,647.

Source: PANewsRead original

ETHUSDC

• #DeFi
• #Whale