
Onchain Lens reports whale 0x4A2 deposited 2 million USDC and expanded 20x leveraged ETH and SOL positions, facing heavy unrealized losses exceeding $8 million.
On February 24, Onchain Lens reported that whale 0x4A2 deposited 2 million USDC into Hyperliquid, initiating 20x leveraged long positions in Ethereum (ETH) and Solana (SOL). The whale currently holds a $1 million unrealized loss on these trades, with cumulative losses exceeding $8 million. This high-risk strategy follows earlier deposits aimed at maintaining large leveraged positions, underscoring continued aggressive trading behavior on the decentralized derivatives exchange.