A newly created address deposited 3.98 million USDC to Hyperliquid and shorted ETH worth 20.25 million dollars.
Odaily reported, according to Lookonchain monitoring, ETH has returned to above $2,100. In the past 2 hours, a newly-created address deposited 3.98 million USDC into Hyperliquid and opened a 20x short position on 9,526 ETH (worth $20.25 million). Currently, it has an unrealized loss of $255,000.
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