Whale address 0xead sells 23,924 ETH for $45.06M, deploys $16M to HyperLiquid for leveraged crypto positions

A whale address (0xead…) sold 23,924 ETH for approximately $45.06 million at an average price of $1,883 per ETH, then transferred $16 million in USDC to derivatives platform HyperLiquid to open leveraged long positions in BTC, ETH and HYPE, ChainCatcher reports citing market sources. The address currently holds unrealized losses exceeding $30.76 million across positions that include 20x leverage longs in BTC, ETH and XRP, 10x leverage longs in AVAX, LINK, LTC, PEPE, ENA, BONK, FARTCOIN, WLD, ZEC, NEAR, TON, ADA and XPL, a 10x leverage short in BCH, and a 5x leverage long in HYPE.