Ethereum (ETH) rose 3.7% within one hour on June 15 and then stabilized near its highs. According to BlockBeats On-chain Detection, monitoring data from Hyperinsight showed the move occurred during the morning session.

Over the past 30 minutes, a leading whale on a CEX (centralized exchange) opened a 40x leveraged long position of 28,645 ETH on Hyperliquid, with an average entry price of $1,720 and a liquidation price of $1,320. The position has made the trader the second-largest ETH long holder on the platform.

The wallet address associated with the activity was 0x9137bd9347f07990a8ce22869f8b93d190479c5a.