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Ethereum Whale Sells $5.49M ETH, Opens $38M 7x Leveraged Long on Hyperliquid

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ETH
$2,990.400.33%
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USDC
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Ethereum whale activity trading saw a major move as address 0x76AB sold 1,654 ETH ($5.49M) and opened a 7x leveraged long of 11,543 ETH ($38.4M) on Hyperliquid. The whale deposited 5.49M USDC, entering at $3,324 with a liquidation at $2,907.6. Analysts are split—some see institutional confidence, others warn of overleveraged speculation. The trade reflects whale activity trading amid mixed market sentiment. Long-term investing perspectives remain divided on the sustainability of such leveraged positions.
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