Wallet builds $17.4 million CBRS long on Hyperliquid

  • A wallet opened a 94,700-CBRS long position on Hyperliquid.
  • CBRS rose almost 11% before falling 3% after the wallet stopped buying.
  • The wallet holds nearly $50 million across four long positions and earned $17 million since mid-August.

A wallet opened a long position of 94,700 CBRS, worth about $17.4 million, on Hyperliquid, a decentralized perpetual futures exchange, after Friday’s market close. CBRS rose almost 11% over the weekend, then fell 3% after the wallet stopped adding to its position four hours ago. The wallet reduced long positions in MU, INTC and DRAM by an amount roughly equal to its new CBRS exposure. Its combined long holdings in the four assets now total nearly $50 million, while trades in NEAR and INJ have generated $17 million in profits since mid-August, according to monitoring by Mlm Onchain cited by PANews.

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