Whale Holds $25.68 Million in Long Positions on LITE and MRVL

News Editor

2026-08-12 09:19:02

A whale wallet beginning with 0xc8b is currently holding just two open contract positions, both long bets on names tied to the optical interconnect theme, according to TradingBeats data cited by BlockBeats on Aug. 12. The address is long 16,800 contracts of LITE with a position value of about $14.847 million and an entry price of $904.2, using 3x isolated leverage. It also holds a long position of 49,300 MRVL contracts worth about $10.837 million, with an average entry of $222.3. Combined, the two positions are valued at roughly $25.683 million and are showing an unrealized loss of about $428,000. Historical data shows the whale has completed 21 trades, with 14 wins and 7 losses, for a win rate of about 67%, and an average holding time of 16 hours and 43 minutes. The address has favored large short-term long positions in U.S. tech and semiconductor stocks, with MU appearing most often in its trading history.

A whale address starting with 0xc8b is currently holding only two open contract positions, and both are long bets on the optical interconnect segment, according to TradingBeats monitoring cited by BlockBeats on Aug. 12.

The address is long 16,800 LITE contracts using 3x isolated leverage, with the position valued at about $14.847 million and an average entry price of $904.2. It is also long 49,300 MRVL contracts worth about $10.837 million, with an average entry price of $222.3. The two positions add up to about $25.683 million and are currently showing a combined unrealized loss of roughly $428,000.

Past trades show a strong bias toward long positions

Historical statistics show the whale has completed 21 trades in total, with 14 winners and 7 losers, giving it a win rate of about 67%. Its average holding period stands at 16 hours and 43 minutes.

Of those 21 trades, 20 were longs and only one was a short. The address has shown a clear preference for short-term, eight-figure long positions in U.S. technology and semiconductor names, with MU being its most frequently traded ticker.

The address has generated about $4.838 million in cumulative contract profit. Its biggest realized gain previously came from a long position in SKHX, which brought in about $5.361 million in a single trade.

Lumentum earnings helped lift the theme

BlockBeats said Lumentum released earnings after the U.S. stock market closed on Aug. 11 Eastern Time. Revenue and adjusted EPS both came in above market expectations, and the company also issued next-quarter guidance above expectations. After the results were released, the positive reaction continued overnight, and the stock surged in premarket trading.

On Hyperliquid, LITE was last quoted at $884.3, up about 9.3% over the past 24 hours. MRVL, which is also part of the optical interconnect chain, was quoted at $220.2, up about 5.6% over the same period.

TradingBeats tool now available

BlockBeats added that TradingBeats, an on-chain perpetuals and address analytics tool, is now live and supports real-time viewing of Hyperliquid data, covering address tracing and whale activity tracking.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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