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Onchain Data Shows $4.48M USDC Deposit to HyperLiquid for Leveraged BTC and TRUMP Positions

OnchainLens reports whale address 0x8d0 placed $9M USDC into HyperLiquid to take 20x ETH and SOL longs, marking an aggressive return after prior $7.4M trading losses.

BTC
ETH
SOL

Summary

Blockchain analytics platform OnchainLens disclosed that address 0x8d0 deposited $9 million in USDC to decentralized derivatives exchange HyperLiquid on November 18. The wallet opened highly leveraged long positions—20x each—in Ethereum (ETH) and Solana (SOL). This trading activity follows previous losses of about $7.4 million incurred by the same address, indicating a bold re-engagement in high-risk crypto trading.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, designed to maintain a 1:1 value with the U.S. dollar.
  • Leverage: A trading strategy using borrowed funds to increase exposure, magnifying potential gains and losses.
  • HyperLiquid: A decentralized derivatives exchange allowing leveraged cryptocurrency trades directly on-chain.