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WTI Crude Oil Surges 3% Temporarily: MakerDAO Founder's Long Position Profit Increases, On-chain Holdings of Tens of Millions Controlled by Whales All Plunge into Loss

2 hours ago

March 17: WTI crude oil futures temporarily surged over 3%, with intraday gains expanding to 5.5%, per HyperInsight monitoring (https://t.me/HyperInsight). On Hyperliquid (https://app.hyperliquid.xyz/join/NTOD), CL (WTI crude oil) prices also climbed, currently trading at $97.5. This rally directly boosted on-chain long positions. MakerDAO founder Rune Christensen opened a 20x leveraged long position in CL on March 7 at an average price of $92.6, with unrealized gains now around $310,000 (+17.3%). Additionally, a whale with over $10 million in on-chain positions is largely short—this sudden crude oil spike has pushed these short positions into collective unrealized losses.
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