Onchain activity shows a wallet selling 355.97 ETH for $1.5 million USDC before opening a 20x ETH long on Hyperliquid, highlighting heightened leverage strategies.
A newly created wallet sold 355.97 ETH, securing approximately $1.5 million in USDC profits. The funds were deposited into Hyperliquid, where the trader initiated a 20x leveraged long position on ETH. This follows earlier reports of large-scale leveraged and spot trades on HYPE via Hyperliquid, underscoring aggressive trading strategies in the platform’s ecosystem.