Matrixport-Linked Trader Closes 40,000 ETH Long With Profit

An address linked to Matrixport has closed a 40,000 ETH long position worth approximately $94.16 million, realizing a profit of about $14.47 million, according to on-chain analytics firm Lookonchain. The trader previously held 120,000 ETH in long positions and now retains 80,000 ETH in longs, valued at roughly $188.4 million, along with 700 BTC in long positions, valued at about $52.86 million. Lookonchain reported that the remaining positions show unrealized profits of around $33.1 million. The transactions were corroborated by blockchain data from Hypurrscan.