The 50x leveraged whale on Hyperliquid long on ETH at 25x this morning and closed the position after making a profit of $1.18 million
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Odaily reported that according to on-chain data analyst Yu Jing, a whale on Hyperliquid used 50x leverage to long ETH 5 hours ago, and closed the position 1 hour ago, making a profit of 1.18 million. The address transferred 4.03 million USDC to Hyperliquid as margin at 4 AM Beijing time, and longed 50,000 ETH (around $93 million) with 25x leverage at $1,856. The position was closed at an average price of $1,880 around 7 AM, resulting in a profit of $1.18 million.
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