Investment
Features
FeesSafety
Academy
More
Pluang+

Large ETH holder sells $29.5M ETH, gains $9M, then invests $20M in crude oil longs on Hyperliquid

Market News
20 Oct 2026
Tokenpost
View Source
Neutral
Large ETH holder sells $29.5M ETH, gains $9M, then invests $20M in crude oil longs on Hyperliquid

A major Ether (ETH) holder sold 12,468 ETH for about $29.52 million USDC, realizing an estimated profit of $8.99 million. The ETH was originally bought at an average price of $1,647 using borrowed funds. After the sale, the holder transferred $20 million USDC to Hyperliquid and opened long positions worth approximately $22.4 million in crude oil contracts referencing West Texas Intermediate and Brent crude. This move shifts gains from cryptocurrency into oil-linked contracts on an on-chain trading platform, betting on rising oil prices.

Ether whale activity is noted here, with Pluang market data providing context. As of Oct 20, 2026 14:21 WIB, 17 of 50 major cryptocurrencies rose while 32 fell. Notable movers include AAVE at Rp2.699.117 with a -2.07% change and 100% buy order activity, AVAX at Rp172.059 with a -2.07% change and 69% sell order activity, and FTM at Rp11.382 with a -2.05% change.

More News

VINCI wins €165M contract to build cooling plant for Iberian data center campus

VINCI wins €165M contract to build cooling plant for Iberian data center campus

VINCI's subsidiary Cobra IS secured a €165 million contract to construct a cooling plant for a major data center campus in the Iberian Peninsula. The project involves installing mechanical, electrical, and plumbing systems for 126 dry coolers, which ...

Market News
Bullish
47 minutes ago
VINCI wins €165M contract for cooling system in large Iberian data center campus

VINCI wins €165M contract for cooling system in large Iberian data center campus

VINCI's subsidiary Cobra IS secured a €165 million contract to build the cooling system for a massive data center campus in the Iberian Peninsula. The project includes installing mechanical, electrical, and plumbing equipment for 126 air cooling unit...

Market News
Bullish
47 minutes ago
Basilea presents new data on antifungals fosmanogepix, isavuconazole, and antibiotic ceftobiprole at IDWeek 2026

Basilea presents new data on antifungals fosmanogepix, isavuconazole, and antibiotic ceftobiprole at IDWeek 2026

Basilea Pharmaceutica announced new clinical and activity data for its antifungal drugs fosmanogepix and isavuconazole, as well as the antibiotic ceftobiprole, to be presented at IDWeek 2026 in Washington D.C. Highlights include pediatric data from f...

Market News
Bullish
2 hours ago
Gainsight launches AI-native Atlas managing $75M ARR and new value-based pricing for customer retention.

Gainsight launches AI-native Atlas managing $75M ARR and new value-based pricing for customer retention.

Gainsight introduced its AI-native services business, Atlas, which manages over $75 million in annual recurring revenue (ARR) by handling long-tail customer renewals with AI agents and human managers. The company also announced a shift to value-based...

Market News
Bullish
2 hours ago
Owl Labs launches Meeting Owl 5, a 4K 360° teleconferencing camera with AI audio and single-cable setup.

Owl Labs launches Meeting Owl 5, a 4K 360° teleconferencing camera with AI audio and single-cable setup.

Owl Labs has introduced the Meeting Owl 5, a 4K UHD 360° teleconferencing camera designed for seamless hybrid meetings. It features a 20MP sensor, 360° fisheye lens, AI-powered audio with eight microphones, and an 18-foot voice pickup range. The devi...

Others
Neutral
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App