An address bought 9,638 Ethereum and opened a 20x leveraged short position for hedging.

PANews reported on December 19 that, according to Lookonchain, a crypto whale with the address 0xed41 spent approximately $28.76 million to purchase 9,638 Ethereum (ETH) on the spot market through Hyperliquid and Lighter. Meanwhile, the whale also opened a 20x leveraged short position as a hedging strategy with a similar size of 9,940 ETH.