Blockchain tracking shows trader 0xSun’s address entered a $4.295M leveraged SILVER position on HyperLiquid, reflecting a substantial commodities bet with notable liquidation risk.
On January 31, a wallet linked to crypto KOL 0xSun deposited about $2 million USDC into HyperLiquid before opening a 4x leveraged long in xyz:SILVER at $86.38. The trade totals 50,000 contracts valued at $4.295 million, currently showing a $22,000 unrealized loss (-1.17%) and a liquidation price of $49.96. This activity underscores a sizable directional bet on silver prices within a crypto-based derivatives market.