Blockchain tracking data and Onchain Lens show a whale actively using HyperLiquid, moving 5,532 ETH, closing one leveraged ETH short, and later depositing 2 million USDC to open leveraged oil shorts.
Wallet "0xed4," identified as a crypto whale, deposited 5,532 ETH worth about $13 million to HyperLiquid over 24 hours, according to the provided tracking data. The wallet also closed a 20x ETH short on HyperLiquid while continuing to hold a separate 20x ETH short on Lighter. In a later report dated April 27, Onchain Lens said a whale deposited 2 million USDC into HyperLiquid and opened 3x leveraged short positions in 21,000 BRENTOIL and 19,000 CL. Together, the reports indicate continued large-scale, leveraged bearish positioning on HyperLiquid across both crypto and oil-linked markets, although the sources do not confirm whether both reports refer to the same wallet.