According to Mars Finance, on March 5th, Coinbob's monitoring of popular addresses showed that the largest long whale(0x629) on the Hyperliquid platform's cash:EWY (iShares Korea ETF mapping contract) position turned profitable, with unrealized gains expanding to $310,000 (115%). It currently holds a 20x leveraged long position with a total value of $6.42 million, at an average price of $126. This position was opened at 11 PM on March 3rd. Data from the EWY/USDC trading pair on the Hyperliquid platform shows that the price rebounded after hitting $122 yesterday afternoon, reaching a high of $140 this morning, and is currently trading at $134, a daily increase of 6%.
The largest long position in EWY on the blockchain correctly predicted the South Korean stock market rebound, and its return on investment has reached 115%.
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