Odaily reported, citing monitoring by Onchain Lens, that a newly created wallet has opened a leveraged ETH long position on HyperLiquid. According to the monitored on-chain data, the wallet deposited 749,200 USDC into HyperLiquid and then used 25x leverage to go long on 10,768 ETH.
Position Valued at About $18 Million
The disclosed monitoring data shows that the ETH long position is worth approximately $18 million. The main parameters recorded for the trade include USDC as the deposited asset, ETH as the traded asset, 25x leverage, and a position size of 10,768 ETH.
Onchain Lens also recorded the liquidation price for the position at $1,645.93. The information reflects the currently monitored public position activity of this newly created wallet on HyperLiquid, based on the data cited in the report.