Whale Wallet Opens $2.1M Leveraged ENA Long Position on Hyperliquid

The assessment is 'likely_true' based on strong, albeit secondary, evidence that corroborates the core elements of the statement, which is further supported by several high-authority primary sources establishing plausibility.The most compelling piece of evidence is the crypto news article from CCN, which directly reports on the liquidation of a large ENA long position on the Hyperliquid platform. This confirms the key components of the statement: the asset (ENA), the platform (Hyperliquid), and the nature of the position (leveraged long). The fact that the position was large enough to be liquidated and warrant a news report lends credibility to the claim.Several other sources establish the high plausibility of such an event. The official Hyperliquid statistics dashboard and articles from 'The Defiant' confirm that ENA and its related products are integrated and traded on the platform. The platform's primary function is to support leveraged perpetuals trading, making the specific action described in the statement entirely feasible. Furthermore, an Arkham research report confirms a major investor (Arthur Hayes) has holdings in both Ethena (ENA) and Hyperliquid, indicating a strong link between the two entities.There is one piece of potentially conflicting evidence from an Arkham research report, which details a trader's $2.1 million profit on a PUMP token long position on Hyperliquid. It is possible the query conflated the token (ENA vs. PUMP) and the metric (position value vs. profit) from two different large trades. However, this does not disprove the existence of the ENA position. Given the specific CCN report about an ENA whale on Hyperliquid, it is more probable that the ENA trade did occur and the $2.1 million figure is either accurate or a slight misrepresentation. The weight of evidence points towards the existence of a significant ENA long position on Hyperliquid, making the statement very likely to be true in its essential claims.