Whale with $9.26M in gains opens 12,000 ETH 20x long position

A smart trader wallet beginning with 0x2371, which posted total gains of $9.26 million across four trades over about three months starting June 28, opened a 20x long position worth 12,000 ETH, or about $29.88 million, during last night’s crypto sell-off, according to Lookonchain. The position’s entry price was $2,438, and the trader is currently sitting on about $620,000 in unrealized profit. According to CoinMarketCap, ETH was trading at $2,492.11, down 2.93%, at the time of reporting.