Newly Created Wallet Opens 25x Leveraged ETH Long on Hyperliquid, Liquidation Price Just 2% Below Market

ETH-1.00%
USDC-0.05%

According to BlockBeats, citing Onchain Lens monitoring, on June 12, a newly created wallet deposited 749,216 USDC into Hyperliquid and opened a 25x leveraged long position of 10,768 ETH worth approximately $18 million.

The position's liquidation price stands at $1,645.93, less than 2% below the current market price.

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