On-chain data shows that on April 6, a newly created wallet address 0xc9c3 deposited 3.98 million USDC into Hyperliquid and opened a 20x leveraged short position of 9,526 ETH, with a notional value of approximately $20.25 million. The position is currently underwater by about $255,000.
New wallet opens 20x ETH short on Hyperliquid worth $20.25M
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Summary
On-chain data shows a new wallet deposited 3.98 million USDC into Hyperliquid on April 6 and opened a 9,526 ETH short position with 20x leverage, valued at $20.25 million. The position is currently down approximately $255,000 as the ETH price has moved against the trade. The wallet address is 0xc9c3.
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