Account that made $17M in profits from NEAR and INJ swapped MU, INTC and DRAM for CBRS at Hyperliquid

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

The wallet stopped increasing its holdings of CBRS 4 hours ago, and subsequently the price of CBRS fell by 3%. During this period, the wallet reduced its long positions in MU, INTC and DRAM, and the reduction amount was basically the same as the newly added CBRS long position. Currently, the wallet’s long positions in the above four assets total nearly $50 million, and the account has made $17 million in profits from NEAR and INJ transactions since mid-August.