A certain new address is longing $41 million worth of ENA, while shorting $42 million worth of ETH and BTC for hedging purposes.

BlockBeats News, October 19th, according to MLM Monitoring, a newly created wallet address withdrew 3 million USDC from KuCoin in the past two days, then deposited it into Hyperliquid, and opened a long position worth a total of $41 million in ENA through two wallets, while shorting $20 million worth of ETH and $22 million worth of BTC.