Lookonchain APP

App Store

Two Suspected Insider Trading Addresses Accumulate 3 Million in Holdings to Front-Run On-Chain WTI Crude Oil, With Their Long Positions Already Realizing Unrealized Gains Amid Escalating Geopolitical Tensions

2026.03.02 18:28:17

March 2nd — Per the Coinbob Popular Address Monitor, at around 10:20 AM ET today, two large holders on the Hyperliquid platform and on-chain transfers from highly similar addresses simultaneously opened long positions for xyz:CL (the WTI Crude Oil Futures Mapping Contract). The positions totaled $1.83 million (address starting with 0x1de) and $1.34 million (address starting with 0xb58), both initiated at an average price of roughly $70. On the news front: Iran launched retaliatory strikes against a core oil facility of Saudi Aramco — one of the world’s largest refineries — the global oil giant. Additionally, Iran today retaliated by attacking oil tankers and later announced a ban on vessels transiting the Strait of Hormuz, a critical global oil transit route. Driven by the above developments, international oil prices surged, with WTI Crude Oil futures briefly spiking to $73. The crude oil long positions tied to the two addresses also saw unrealized gains.
Relevant content

Based Launches Launchpool and First Project Pull Fun

On April 4th, official sources confirm that Based — the cryptocurrency exchange and payment platform in Hyperliquid’s ecosystem — has launched its Launchpool program and its first associated project, Pull Fun. Token holders of Based can earn points via staking to join the Launchpool event. Reports indicate that Pull Fun is a gashapon platform for trading card games, featuring a real physical card inventory.

13 minutes ago

Marex Launches Principal-Protected Binary Option Derivative Based on an Existing Predict Market Product

April 4 (Bloomberg) — Marex Group Plc, a global financial services platform, has issued what is believed to be the world’s first bond-like note tied to forecast market outcomes. Unlike traditional binary options contracts, the note’s terms specify: If Nvidia Corp. remains the world’s largest company by market capitalization one year from now, investors will receive a 7% coupon; if not, their principal will be fully repaid (with only potential interest lost, no full principal risk). The issuance totals approximately $10 million, sold to Swiss institutional clients and restricted to regions outside the U.S. due to regulatory constraints. Marex will dynamically hedge risks via prediction market platforms such as Kalshi. Per the report, this marks the latest Wall Street effort to “securitize” the power of prediction markets, providing a compliant, low-risk entry point for traditional large-scale funds.

13 minutes ago

Whale Sets 10 Big Goals, Sets $67,000 Limit Order to Long BTC

On April 4th, crypto contract whale "First Set 10 Big Goals" (@Jason60704294) posted a long position on X with a limit price of $67,023.8 for Bitcoin.

13 minutes ago

Stablecoin Sees Counter-trend Growth, Total Market Cap Up 0.43% Weekly to Hit Record High

April 4 Despite a crypto market downturn, stablecoins are still growing rapidly. Per DefiLlama data: - Total stablecoin market cap rose 0.43% over the past week, hitting a new all-time high at $317.255 billion. - USDT’s market dominance slid below 60% to its current 58.03%. - Sky Network’s stablecoin USDS saw its circulating market cap jump 9.57% last week to $8.924 billion, now the third-largest stablecoin by market cap.

13 minutes ago

Iran has approved a ship carrying essential goods to pass through the Strait of Hormuz to Iran

April 4 — Iran has authorized a ship carrying essential goods to sail to an Iranian port via the Strait of Hormuz, according to Tasnim News Agency.

13 minutes ago

Ethereum Derivatives Market Sees Rare Net Buying for First Time Since 2023 Bear Market

April 4 – Cryptoquant analyst Darkfost says a major shift in Ethereum’s derivatives market structure has occurred, marking the first such change since the 2023 bear market. Darkfost notes that while ETH’s net trading volume has been negative for most of the period since 2023, it has now turned positive. (Note: Net trading volume measures whether buying or selling pressure is dominant in the derivatives order book.) Right now, the indicator signals dominant buying pressure, with $104 million in buying volume. Notably, even when ETH prices neared a new high earlier, the indicator still showed strong selling pressure—but that dynamic now seems to be shifting. Darkfost argues the positive buying pressure could help ETH form a stronger bottom. If this momentum holds and the spot market plus ETFs start backing the trend, ETH may be set to resume its uptrend.

13 minutes ago