Hyperliquid whale opens $4M MU long with 10x leverage
AI Market Summary
On Hyperliquid, a whale wallet that previously realized gains has opened a $4M 10x leveraged long in MU, adding visible speculative positioning to an already large onchain MU book ($166M total). While the position is currently slightly profitable, aggregate positioning remains skewed toward shorts, highlighting asymmetric liquidation risk and the potential for near-term volatility around key liquidation levels.
Impact level
● Low
Affected assets
NCSKMU2USD/USDT+2.59%
AI Insight · NCSKMU2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Data from Hyperinsight show that whale address 0x9e8—previously up $3.1 million after shorting crude oil on Hyperliquid—has opened a $4 million leveraged long in MU. The position uses 10x leverage, with an average entry price of $1,155, and is currently showing a small unrealized gain.
On-chain MU positions total about $166 million, including $67.45 million in longs and $98.17 million in shorts. The whale’s average long entry is $1,090.74, while the average short entry is $995.66. Liquidation levels are listed at $1,352.65 for shorts and $738.42 for longs.
