New Wallet Opens $37M Leveraged ETH Long Position on HyperLiquid

A newly created wallet deposited 8 million USDC to HyperLiquid on Nov. 12 and opened a 25x leveraged long position in ETH, Onchain Lens data show. The position consists of 10,695 ETH valued at $37 million, with an entry price of $3,498 and a liquidation price of $2,808.