A prominent trader, previously known for holding the largest kPEPE position on Hyperliquid, has opened a significant long position in Ethereum. The trader currently holds 7,339.71 ETH with 5x leverage, averaging a purchase price of $2,810.01. Despite past success, including a $963,600 profit from kPEPE, the trader now faces a floating loss of $530,000 on this new Ethereum position.