Ethereum has surged past the $3,300 mark, with a prominent insider boosting their position by depositing 40 million USDC as margin on Hyperliquid. The insider currently holds 80,985.83 ETH, valued at $269 million, with an entry price of $3,108.49, resulting in an unrealized profit of $17.72 million. Additionally, they have placed an order to purchase 19,108.68 ETH at $3,280, worth approximately $62.67 million. This move makes their long position the second largest on the address following a previous flash crash short.