A big player is making moves again.

When ETH surged in the early morning, the person who went long at $3,048 the day before directly threw another $50 million onto Hyperliquid to continue increasing their position. Now, they’re already sitting on an unrealized profit of $17.72 million.

Their recent actions have been aggressive—accumulating a total investment of $120 million USDC, going all-in on ETH. The position has reached 81,000 ETH, with a total value of $269 million and an average cost of $3,108.

With this move, they’re either going to eat big profits or… well, let’s not talk about that.