On-Chain Whale Executes Dual-Play Strategy with Massive Gains on CRCL and Korean ETF
On March 11, market tracking data revealed a sustained rally in CRCL (Circle), briefly peaking at $121 and currently trading around $117 on derivative platforms, signaling strong bullish momentum.
A leading wallet began building a long position five days ago at an average entry of $104, steadily adding exposure near $102 in the following days. The total position has now reached $4.33 million, benefiting significantly from the upward move.
CRCL Long Position Surges with 38% Unrealized Profit
The surge in price has pushed unrealized gains on the CRCL long to $460,000—an impressive 38% return. This well-timed trade reflects not only technical precision but also strong conviction in the asset’s underlying momentum or upcoming developments.
Contrarian Bet on South Korea ETF Pays Off with 26% Return
Notably, the same address holds the largest long position in EWY, a derivative linked to South Korea’s stock market ETF, with a position size of approximately $6.5 million at an average cost of $128.
Following a sharp downturn in Korean equities, this investor took a bold contrarian stance. As markets rebounded, the EWY position has climbed 26% into profit, contributing to a staggering weekly gain of $850,000 across both trades.
- CRCL Position: $4.33M, average entry $104
- Unrealized Gain: $460K, up 38%
- EWY Exposure: $6.5M, average $128
- ETF Profit: 26%, driving weekly earnings to $850K
This coordinated cross-market strategy highlights how elite on-chain actors are capitalizing on macro dislocations, setting a benchmark for strategic digital asset allocation.