New Wallet Deposits 3 Million USDC to HyperLiquid and Opens 20x ETH Long

News Editor

2026-06-10 13:00:51

According to Lookonchain monitoring cited by ChainCatcher, a newly created wallet, 0xa2e8, deposited 3 million USDC into HyperLiquid and then opened a 20x leveraged ETH long position. The position holds 36,826 ETH, worth about $59.72 million, with a liquidation price of $1,571.3.

HyperLiquidETHUSDCLookonchainWhale Movement

ChainCatcher reported that, according to monitoring by Lookonchain, a newly created wallet address, 0xa2e8, deposited 3 million USDC into HyperLiquid. After making the deposit, the wallet opened an ETH long position on the platform using 20x leverage.

ETH Long Position Valued at About $59.72 Million

The monitored position currently holds 36,826 ETH, with a disclosed value of approximately $59.72 million. The liquidation price for the position is $1,571.3. USDC is a dollar-pegged stablecoin, while HyperLiquid is an on-chain derivatives trading platform. The transaction and position setup represent a large on-chain fund movement combined with a high-leverage ETH exposure.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

500

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.