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      Account that profited $17 million from NEAR and INJ swaps MU, INTC, and DRAM for CBRS on Hyperliquid

      PANews October 4 news, according to monitoring by Mlm Onchain, since the market closed on Friday, a certain wallet has established a long position of 94,700 CBRS (worth approximately $17.4 million) on the decentralized perpetual contract trading platform Hyperliquid, driving the CBRS price up nearly 11% at one point over the weekend.

      The wallet stopped adding to its CBRS position 4 hours ago, after which the CBRS price pulled back 3%. During this period, the wallet reduced its long positions in MU, INTC, and DRAM, with the reduction amount roughly matching the newly added CBRS long position. Currently, the wallet's total long positions across the four assets above have approached $50 million, and the account has profited $17 million from NEAR and INJ trades since mid-August.


      Source: PANews
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