A trader identified as 0x0c5 is holding a $29.6 million Ether long position on Hyperliquid with 20x leverage and an entry price of $2,482.2, according to Arkham monitoring. According to ChainCatcher, the position was opened three weeks ago.

Four days ago, the trade was about $1.6 million underwater. After Ether rose 5.5%, the position is now showing an unrealized profit of $2.29 million.