Three large traders established combined long positions worth $92.87 million on Bitcoin and Ethereum through Hyperliquid on November 26, data show. The positions utilized leverage ranging from 2x to 25x. Separately, Ethereum co-founder Vitalik Buterin transferred $2.9 million in ETH to privacy protocol Railgun.
Three cryptocurrency traders established long positions totaling $92.87 million across Bitcoin and Ethereum using the Hyperliquid platform on November 26, data show.
The first trader, address 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902, opened a 3x leveraged position on 311.9 BTC valued at $27.14 million. The same address also established a 2x leveraged position on 5,176 ETH worth $15.15 million.
Two additional addresses deployed higher leverage strategies.
Address 0x2c26b98bba32196e05123db5e1469ee88cb67e17 opened a 20x leveraged long on 346 BTC, representing $30.09 million in notional value.
Address 0x535e34b5ada64997afc88444271ae9b3f82b3867 established a 25x leveraged position on 7,000 ETH, valued at $20.49 million.
The four positions were identified within a two-hour window prior to publication.
Vitalik Buterin Transfers ETH to Privacy Protocol
Vitalik Buterin transferred $2.9 million worth of ETH to Railgun, a privacy-enhancing protocol, data show. Addresses associated with the Ethereum co-founder hold approximately $700 million in ETH.
Railgun employs zero-knowledge proofs (zk-SNARKs) to obscure token balances and transaction details within a shared pool. The protocol enables users to deposit, transfer, and withdraw assets without publicly revealing amounts, sender identities, or recipient addresses on the blockchain.
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