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Huge "LONG bet on oil" . Wallet 0x2558 deposited $4.24 million USDC into Hyperliquid and immediately opened a massive 10x long position on 500,000 $CL , worth roughly $38.9 million.
The position was opened at an average entry of $78.18, with a liquidation price sitting at $71.51. For a fresh wallet, that's a serious amount of capital to deploy right out of the gate.
This whale is taking a completely different approach and betting on higher oil prices. With nearly $39 million in exposure, it's clear this isn't a small speculative trade.
Address:
0x2558c4029dc7a04f13b3803cdf284aff8208ba9c