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A new address deposited $3 million USDC into Hyperliquid, holding over 36,000 ETH in a long position.

2026.06.11 07:55:45

June 11: OnchainLens has flagged a newly minted crypto wallet address that deposited $3 million in USDC into derivatives exchange Hyperliquid, where it’s been actively rotating between long and short positions. Currently, the address holds a 20x leveraged long position of 36,097 ETH, with the position valued at roughly $58.49 million and carrying an unrealized loss of approximately $380,000. Prior to this, the whale completed two trades—first going long, then flipping to short—netting a total profit of around $1.7 million.
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