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Crypto Wallet Sells 75 ETH for $174K, Uses Proceeds for 5x Leveraged Position in 9.19M APE Tokens

A wallet with address 0x0b8a sold 75 ETH valued at $174K on Hyperliquid. It then opened a 5x long position on 9.19M APE worth $1.03M. The transactions were reported by blockchain analytics firm @lookonchain.

1 source·Apr 24, 1:47 PM(11 days ago)·1m read

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A cryptocurrency wallet sold 75 ETH, valued at $174K, on the Hyperliquid platform, according to blockchain analytics firm @lookonchain. The wallet, identified by the address 0x0b8a, executed the sale as its initial transaction. 03M, @lookonchain reported.

19M APE tokens, leveraging the trade at five times the initial margin. @lookonchain detailed the sequence, noting the wallet's creation preceded these moves, with the ETH sale funding the subsequent APE position.

Key Facts

Wallet sale of ETH

A newly created wallet with address 0x0b8a sold 75 ETH valued at $174K on Hyperliquid.

Long position on APE

The same wallet opened a 5x long position on 9.19M APE valued at $1.03M.

Leverage details

The long position used 5x leverage and involved exactly 9.19M APE tokens.

Wallet address

The wallet's address is confirmed as 0x0b8a.

crypto apecoin blockchain-transactions hyperliquid leveraged-trading

Story Timeline

4 events

2026-04-24
Wallet 0x0b8a opened a 5x long position on 9.19M APE valued at $1.03M.
1 source@lookonchain
2026-04-24
Wallet 0x0b8a sold 75 ETH valued at $174K on Hyperliquid.
1 source@lookonchain
2026-04-24
A new wallet with address 0x0b8a was created.
1 source@lookonchain
Recent (undated in sources)
Blockchain analytics firm @lookonchain reported the wallet's activities.
1 source@lookonchain

Potential Impact

01
Signal of whale activity in APE trading.
02
Potential increase in APE market volatility due to large leveraged position.
03
Influence on ETH liquidity on Hyperliquid from the sale.
04
Possible follow-on trades by other market participants observing the move.

Transparency Panel

Sources cross-referenced1

Framing risk0/100 (low)

Confidence score75%

Synthesized bySubstrate AI

Word count68 words

PublishedApr 24, 2026, 1:47 PM

Bias signals removed4 across 4 outlets

Signal Breakdown

neutral 2technical 1factual 1

Original Sources

@lookonchainA newly created wallet(0x0b8a) sold 75 $ETH($174K) on Hyperliquid and then opened a 5x long on 9....

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