A trader known as “Machibigbro” recorded a fivefold profit from a long position in Ethereum (ETH) over two days, based on Arkham monitoring data. According to Foresight News, the trader’s account balance rose from $40,000 less than 48 hours earlier to $500,000.

The report said the trader sold three Bored Ape NFTs to fund the ETH long position.