According to on-chain analyst @ai_9684xtpa, the position incurs a floating loss of over $1 million, highlighting the risks associated with high leverage trading in the crypto space.
On March 30, 2023, crypto KOL @Cbb0fe opened a 10x leveraged long position on Ethereum worth $2.11 million on Hyperliquid, incurring an unrealized loss of $1.035 million. The position was initiated at a price of $2,730, with a liquidation price set at $1,167.8. This move follows the crypto community's earlier launch of a 'whale hunting operation' targeting 'Hyperliquid 50x whales'.