PANews reported on December 19th that, according to Lookonchain, a crypto whale with the address 0xed41 spent approximately $28.76 million to buy 9,638 Ethereum (ETH) in the spot market through Hyperliquid and Lighter. Simultaneously, the whale opened a 20x leveraged short position of the same amount, 9,940 ETH, as a hedging strategy.
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