An ETH whale sold 12,468 ETH, realizing an $8.99 million profit, and shifted to Hyperliquid to go long on crude oil.
According to on-chain analyst @EmberCN, a whale that used leverage to buy the dip at $1,647 for $30 million worth of ETH in early June sold 12,468 ETH yesterday at $2,368, converting them into $29.52 million USDC and realizing a profit of approximately $8.99 million. The address subsequently transferred $20 million USDC to Hyperliquid to go long on crude oil, and currently holds open long positions in crude oil contracts worth approximately $22.4 million (including CL and BRENTOIL) while continuing to add to the position.
