For a while, this Matrixport-linked whale looked painfully early. Deep red, screens bleeding, ETH moving the wrong way while size stayed stubbornly on. At one point the combined position was down more than $10M… and still, nothing closed, simply waiting.
Now fast-forward a bit today , after the recent pump..... the picture looks very different.
Address 0x6C8512516Ce5669d35113A11Ca8B8DE322fD84F6 is running a chunky $ETH long worth about $92.25M, roughly 45,000 ETH, sitting on 20x cross. Entry sits around $2,029, mark price hovering near $2,050, and the position is currently floating about +$936K in unrealized profit. ROE’s sitting a little above 20%, even after eating around $57K in funding. Total account value is about $33.5M, with nearly $4M in free margin still just… there. The PnL curve tells the story best --- a long dip into the red, then a sharp turn upward, like someone finally exhaled.
The second wallet, 0xa5B0eDF6B55128E0DdaE8e51aC538c3188401D41, is even heavier. About 60,000 #ETH , putting the position near $123M, running 15x cross leverage. Entry came in close to $2,049, liquidation far below around $1,328, so there’s room to sit tight. Unrealized PnL is around +$720K right now, ROE just under 1%, with funding costs north of $100K already paid. Account value? Roughly $44.9M, and more than $32M in margin still untouched. This chart stayed underwater longer ----- then slowly, quietly, crawled back.
Put together, these two wallets are long about 105,000 ETH, roughly $215M in notional exposure.
Whoever’s behind this -- tied to Matrixport, didn’t trade for applause. They traded like time was on their side.