PANews reported on August 16 that according to monitoring by on-chain analyst Ember, a certain address started to roll long ETH with only $125,000 in April, and now it has become $25 million.

This address started buying ETH at its lowest point this year: In April, it withdrew 125,000 USDC from ChangeNOW and Kucoin to Hyperliquid through two addresses to start buying ETH. The price of the first ETH long transaction was $1,490, the lowest point of the year.

Rolling over unrealized profits: Since starting to buy ETH, the price has continued to rise. By continuously adding to his position with unrealized profits, he has snowballed his position from a few hundred ETH to 66,000 ETH, with a value of $300 million. The most recent increase was at 9:00 AM yesterday.

Floating profit: Starting from $125,000, the current floating profit is $24.78 million. When ETH was at its highest point of $4,788 the day before yesterday, the floating profit even reached $43 million.

Current positions of the two addresses:

• 10x more 44,916 ETH, position valued at $200 million, opening price at $4,067, liquidation price at $4,200, with a floating profit of $17 million.
• 10x more 21,832 ETH, position valued at $100 million, opening price at $4,093, liquidation price at $4,198, with a floating profit of $7.8 million.