COINOTAG News reported on August 20 that TheDataNerd monitoring flagged a trader opening a 25x long position on ETH at $4,087.9. According to on-chain tracking, the position currently shows a floating profit of approximately $283,000, reflecting the trader’s leveraged exposure and position sizing in a high-conviction move on Ethereum derivatives markets.

Since 2024, the same wallet has maintained a pattern of persistent long exposure, with aggregated realized profits of about $8.5 million attributed to longing activity on Hyperliquid. These figures represent recorded P&L on the platform and provide insight into the wallet’s risk tolerance and execution strategy, as observed by independent monitoring services.