Over $10 Million Profit for Whale Using Hyperliquid’s Leverage

A prominent Ethereum whale has achieved an astounding profit of over $10 million, leveraging their position via a high-risk strategy on the Hyperliquid platform during recent market volatility. This move involved a 20X leveraged long position on Ethereum, which followed a previous substantial short position. The initial notional value of this long position was reportedly over $70 million. Trading activities have gained attention following the whale’s past actions that impacted Hyperliquid’s reserves significantly. The current long position entered at approximately $1,459.01 per Ethereum, with a liquidation price set initially at $1,391.70.