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Whale Injects $5.22M USDC into Hyperliquid Amid ETH Price Surge Above $4,700
Gate News bot message,
A significant market movement occurred as ETH surpassed the $4,700 mark, prompting a whale trader to deposit $5.22 million USDC into Hyperliquid. The trader's current position shows a floating loss of $14 million, with total losses reaching $26 million.
According to Onchain Lens, the whale has taken measures by selling portions of their ETH holdings to increase margin and prevent liquidation. The trader's ETH short position with 20x leverage has already resulted in a $9.88 million loss, while maintaining a floating loss of approximately $18 million.