The position was opened at 10x leverage three days after an SKHX long was liquidated, while the same account also held a $10.04 million ETH long at 20x leverage and showed about $504,800 in historical losses.
A Hyperliquid trader reopened a $4.95 million HYPE long at 10x leverage after being liquidated for about $2.05 million on an SKHX long three days earlier, PANews reported on July 31, citing Onchain Lens. The account’s other main positions include a $10.04 million ETH long at 20x leverage, along with additional long bets such as META. Historical PnL (profit and loss) for the trader showed a loss of about $504,800, underscoring the high-risk nature of leveraged directional trading on crypto derivatives venues.