Newly Created Ethereum Wallet Trades $1.5M in ETH, Opens 20x Leveraged Long Position

A newly created Ethereum wallet recently executed a notable transaction: selling $1.5 million worth of ETH and opening a 20x leveraged long position on the cryptocurrency via Hyperliquid’s decentralized derivatives platform. This action marks an intriguing trend in DeFi market behavior, potentially affecting ETH price dynamics and volatility. 💰 The move highlights high-leverage trading within DeFi markets, which could have broader implications for the crypto ecosystem.