On-chain Korean ETF and Circle's largest long position established at low prices early in the month, unrealized gains now approaching $2 million

MarsBitNews · 2026-03-18T07:48:34+00:00

On March 18, South Korea's KOSPI Index rose 5.04%, driving the iShares Korea ETF (EWY) to surge to $134.4, with after-hours gains expanding to 3.1%. The EWY contract on the Hyperliquid platform quoted at $139, up 6.2%. The largest long whale saw maximum unrealized profits of nearly $2 million, with positions including 20x and 10x mapped contracts.

MarsBitNews

2026-03-18 07:48:34

Abstract generation in progress

Mars Finance News, March 18 — According to Coinbob’s popular address monitoring, boosted by the South Korean KOSPI index closing up 5.04% today, the iShares Korea ETF (EWY) also closed higher at $134.4, with the overnight session gains expanding to 3.1%. Hyperliquid’s EWY contract is currently priced at $139, with a 24-hour increase of 6.2%. Additionally, CRCL has gained 6.4% intraday, currently at $134.3.

The largest long whale (0x629) holding both EWY and CRCL on this platform has increased its unrealized profit to nearly $2 million. This address initially took long positions at low prices on March 5, mainly holding two mapped contracts: 20x xyz:EWY and cash:EWY, with a position size of about $6.95 million, an average price of $127, and an unrealized profit of $520,000, yielding a return of approximately 170%.

It also holds a 10x CRCL (Circle) long position with a size of about $8.5 million, an average price of $111.2, and an unrealized profit of $1.45 million, with a return of 205%.

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