Circle Surges 9.7% as Whale Snags $1M Pre-market Position at New Address

BlockBeats News, March 10th, according to Circle's stock price strengthened again during intraday trading today, reaching a high of $112.5 and closing at $111.8, a daily gain of 9.7%. As a result, the price of CRCL (Circle mapping contract) on the Hyperliquid platform once rose to over $115, and is now trading at $114.2, with a 24-hour increase of 18%, representing a 2.15% premium over the spot market.

The one who accurately captured this round of gains is a newly created address (0xcee). It opened a leveraged long position on CRCL at 2x leverage at 16:00（UTC+8） (pre-market open node for U.S. stocks) yesterday, with a position size of $1.01 million and an average entry price of $100.4. As of now, the unrealized profit of this position has reached $120,000, with a return of 21%.

It is reported that this address first deposited $448,000 to Hyperliquid at 15:29（UTC+8） yesterday, marking its first transaction on the platform. The interval between entry and opening a long position was only half an hour, following which it captured the entire increase in Circle from pre-market to closing. The position is still open at present.