According to ChainCatcher, market sources indicate that a whale deposited $12.5 million in USDC into HyperLiquid, purchased 10,152.8 HYPE tokens (approximately $270,000) and staked them. At the same time, the address executed three ETH trades, quickly earning $36,092 in profit. Subsequently, it placed orders to open a long position of 3,500 ETH (approximately $11 million) in the price range of $3,190–$3,215.
Whale Deposits $12.5M on HyperLiquid to Open 3,500 ETH Long Position
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Summary
A whale deposited $12.5 million USDC on HyperLiquid, purchasing 10,152.8 HYPE (~$270,000) and staking it. The address executed three ETH trades, generating a net profit of $36,092. It then placed orders to open a 3,500 ETH (~$11 million) long position between $3,190 and $3,215. This move reflects a clear position trading strategy, with careful position sizing to balance risk and reward.
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