Whale Investor Secures Profitable Trade, Invests in Leveraged ETH Position

A prominent whale investor has profited significantly from a recent Ethereum (ETH) trade, closing out their long position on the asset for a gain of $335,000. Following this successful exit, they deposited 5.66 million USDC into a newly established wallet and leveraged this fund to open a substantial position in ETH. This new holding, valued at $26.1 million, utilizes a 25x leverage strategy, allowing the investor to control potentially larger market movements while managing risk effectively.