ChainCatcher reported, citing monitoring from Onchain Lens, that a newly created wallet labeled “0xaea” deposited 6.68 million USDC into Hyperliquid and opened 20x short positions on the platform. The positions were established across three major crypto assets: BTC, SOL and ETH. The disclosed figures show that the notional size of the short positions is higher than the amount of USDC deposited.
Short positions span BTC, SOL and ETH
According to the monitoring data, wallet “0xaea” opened a BTC short position of 430.64 BTC, corresponding to about $27 million. It also opened a SOL short position of 181,245 SOL, corresponding to about $13 million, and an ETH short position of 4,280 ETH, corresponding to about $7 million. Based on the disclosed dollar amounts, the three 20x short positions total about $47 million.
The information was published by ChainCatcher and attributed to Onchain Lens on-chain monitoring. The report describes the address as a newly created wallet and does not disclose the identity of the wallet holder. It also does not provide additional information on any subsequent changes to the positions after the USDC deposit and the opening of the shorts on Hyperliquid.