CRCL, the stock of Circle, extended its rally over the past two days and reached an intraday high of $121. On Hyperliquid, the perpetual contract tied to CRCL was quoted at $117. Data tracked by Coinbob’s popular address monitor shows that the platform’s largest CRCL long has expanded its unrealized profit to roughly $460,000, equal to a gain of 38%.
The position was opened five days ago with a size of about $4.33 million at an average entry of $104. Over the following days, the trader continued adding near $102. With CRCL trading well above that range, the position has moved firmly into profit.
The same wallet is also the largest long holder in EWY
The same address also holds the largest on-chain long position in EWY, the iShares MSCI South Korea ETF. That position is valued at about $6.5 million, with an average entry price of $128. It was built after a sharp drop in the South Korean stock market, reflecting a rebound bet. The EWY trade is now showing an unrealized gain of 26%.
Combined, the CRCL and EWY positions have generated about $850,000 in profit for the week, with total exposure above $10.8 million. The trading pattern in both cases points to the same approach: buying after a sell-off and holding for price recovery, with both positions currently in the green.