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Whale Buys 9,638 ETH and Opens 20x Short Position for Hedging

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ETH
$2,996.470.38%
A major crypto holder with address 0xed41 recently executed a position trading move, allocating $28.76 million to buy 9,638 ETH via Hyperliquid and Lighter. At the same time, they opened a 20x short position of 9,940 ETH to hedge. The position sizing strategy suggests a balanced approach to market exposure. The trade reflects a mix of long-term holding and leveraged shorting. Lookonchain tracked the activity.
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