A major whale on the Circle chain has accumulated a significant long position on CRCL, with a 10x leverage at an average price of $87.10, totaling $2.2 million. This makes it the largest long position on the Hyperliquid platform. The whale, identified by the address starting with 0xbcd, opened this position on February 27 during a price pullback and has since captured the second wave of the rally, with unrealized profits of $370,000, or 23%. Circle's on-chain stock price surged from $80 on March 2 to a high of $106, currently trading at $105. Additionally, another trader with an address starting in 0x467 has entered a long position with 10x leverage at an average price of $104, building a $1.14 million position with a narrow liquidation range at $98.8.