Ethereum Address Sees $16.52M in Unrealized Profits on Hyperliquid

An on-chain analyst has revealed that an Ethereum address has accumulated a staggering $16.52 million in unrealized profits on the Hyperliquid platform, the highest on the platform. Since mid-August, the address, 0xde8...d9524, has been establishing long positions in ETH, holding approximately 30,300 ETH worth around $81.96 million. The average entry price of these ETH positions is $2,134.45, resulting in a return rate of 407.96%. This address has also placed a limit sell order at $4,000, which is 49% above the current price.