Whale holds $2.2M 10x long on CRCL as Circle onchain stock rallies to $105

A whale address (0xbcd...) holds the largest 10x leveraged long position on CRCL, Circle's mapping contract, worth $2.2 million at an average entry of $87.10 on Hyperliquid, Coinbob Hot Address Monitoring data show. The address opened the position on Feb. 27 during a pullback after Circle's onchain price moved from $62 to $90, steadily adding between $84 and $89. Hyperliquid data show Circle's onchain stock climbed from around $80 on March 2 to a peak of $106 and now trades near $105, leaving the whale with unrealized gains of about $370,000, or 23%. Over the past hour, another trader (0x467...) took a 10x leveraged CRCL long of $1.14 million at an average of $104, with liquidation at $98.8, the same data show.