Smart Money Trader Takes 3x Leveraged ETH Long on Hyperliquid Worth $89 Million

A smart money address with significant recent gains made a large leveraged position in ETH, highlighting active market participation.

ETH
HYPE

Summary

A smart money address, having earned $19 million in profit over the past month, opened a 3x leveraged ETH long position worth approximately $89 million on Hyperliquid on December 21, according to The Data Nerd. This move signifies the address's continued active involvement in Ethereum trading.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.
  • Hyperliquid: A decentralized exchange platform known for offering leverage and derivatives trading for cryptocurrencies.