Trader Builds $17.4 Million CBRS Long on Hyperliquid
The wallet reduced long positions in MU, INTC and DRAM by about the same amount and holds nearly $50 million across the four assets.
A trader built a roughly $17.4 million long position in CBRS on Hyperliquid since Friday’s market close, shifting exposure from three other assets as the token climbed over the weekend.
The wallet opened a position of 94,700 CBRS and reduced long positions in MU, INTC and DRAM by roughly the same amount. CBRS rose nearly 11% at one point over the weekend.
The wallet stopped adding to CBRS four hours earlier, after which the token fell 3%. Its long positions across CBRS, MU, INTC and DRAM totaled nearly $50 million.
The account had recorded $17 million in gains from trades in NEAR and INJ since mid-August.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.