Hyperliquid Whale Establishes Low-Cost Position in Korean ETF and Circle at Early March, Unrealized Gains Nearly $2 Million

Gate News, March 18 — According to Coinbob's popular address monitoring, boosted by Korea's KOSPI Index (the benchmark index of the Korean stock market), which closed up 5.04% today, the iShares Korea ETF (EWY) also closed higher at $134.4. During after-hours trading, the increase expanded to 3.1%. Hyperliquid's EWY contract is temporarily priced at $139, with a 24-hour increase of 6.2%. Additionally, CRCL's intraday gain reached 6.4%, currently at $134.3.

The largest bullish whale address (0x629) holding both EWY and CRCL has increased its unrealized profit to nearly $2 million. This address opened long positions at low prices on March 5, with the main holdings as follows:

20x xyz:EWY and cash:EWY two major mapped contract longs: approximately $6.95 million in position size, average price $127, unrealized profit $520,000, return rate about 170%.

10x CRCL (Circle) long position: approximately $8.5 million in position size, average price $111.2, unrealized profit $1.45 million, return rate 205%.