New Address Opens 25x ETH Long on Hyperliquid — Position Hits $24.87M

Lookonchain reports a new wallet deposited $1.8 million USDC to open a 25x leveraged ETH long position on Hyperliquid, with a liquidation price of $1,748.18.

ETH

USDC

HYPE

51d ago

Summary

Lookonchain revealed a new wallet transferred $1.8 million USDC into Hyperliquid and opened a 25x leveraged long position in ETH, controlling 13,563 ETH valued at $24.87 million. The liquidation price for the position stands at $1,748.18, indicating potential risk from price fluctuations.

Terms & Concepts

ETH: The native cryptocurrency of the Ethereum network, used for transactions and network security.
Leverage: Borrowed capital used to amplify position size; 25x means exposure is 25 times the collateral.
Hyperliquid: A decentralized crypto derivatives exchange focused on perpetual and margin trading.