According to ChainCatcher, on-chain analysts have reported that two addresses withdrew funds from the Tron network to long on Ethereum, long over 95,000 ETH long positions, with a total value of approximately $190 million. These addresses have become the first and second largest holders of long ETH positions on the Hyperliquid platform.
Address 0xa5B...01D41 holds a long position of 60,000 ETH (approximately $120 million), with an average opening price of $2,059.8, and is currently showing a floating loss of $3.12 million. Address 0x6C8...D84F6 deposited 21.798 million USDC into Hyperliquid as margin in the past 3 hours, and subsequently opened a 20x leveraged long position of 35,164.2 ETH (approximately $70.5 million), with an average opening price of $2,044.11, and is currently showing a floating loss of $1.245 million. Both addresses transferred margin from Tron to Arbitrum via a cross-chain bridge, and the similar operation methods and timing suggest they belong to the same entity.
