A trader opened a high-risk long bet on Ethereum just before the cryptocurrency’s dramatic Wednesday, August 19, surge, locking in paper gains of over $6 million.

An unidentified trader bought 5,000 ETH worth $9.53 million and staked it ahead of Trump's White House meeting with crypto executives and

A trader opened a high-risk long bet on Ethereum just before the cryptocurrency’s dramatic Wednesday, August 19, surge, locking in paper gains of over $6 million.