An address bought 9,638 Ethereum and opened a 20x leveraged short position for hedging.
PANews reported on December 19 that, according to Lookonchain, a crypto whale with the address 0xed41 spent approximately $28.76 million to purchase 9,638 Ethereum (ETH) on the spot market through Hyperliquid and Lighter. Meanwhile, the whale also opened a 20x leveraged short position as a hedging strategy with a similar size of 9,940 ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale "0xa8e" uses 40x leverage to short 1,125.2 BTC
A whale went short with 40x leverage on 1125.2 BTC, with a liquidation price of $89,130.95
Tom Lee: Bitcoin May Hit an All-Time High by the End of January 2026
