May 9, 2025

at

12:00 am

EST

(Updated:

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On-chain Trader longs $30M of ETH

Arkham
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    0x175’s initial entries into their ETH long
    0x175’s initial entries into their ETH long

    On-chain trader, 0x175, longed $30M worth in ETH just as a trade deal was signed between the UK and the US. The trade was eventually closed for a total profit of $7.96M after fees just three days later.

    Inflows into 0x175 from a suspected ZixiPay wallet, 0xeF9
    Inflows into 0x175 from a suspected ZixiPay wallet, 0xeF9

    The wallet was funded over several days from a variety of exchanges including Binance, BloFin and a suspected ZixiPay address. Since then, the trader has also made a profitable trade on XRP, netting them $690K in profits, while a losing trade on SOL clawed back $331K of their earnings. The trader has continued to deposit into Hyperliquid, now holding $38.3M on the address.

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