According to Mars Finance, on March 16th, OnchainLens monitoring showed that within the past 10 hours, a whale with the address "0x218" deposited 2 million USDC into HyperLiquid to avoid liquidation of its 10x leveraged short position in ETH. This position represents 15,217 ETH, worth approximately $34 million, and currently shows a floating loss of $3.288 million. However, overall, the whale has still accumulated a profit of over $8.5 million.
A whale added $2 million in margin to its short ETH position, resulting in a paper loss of over $3.2 million.
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