A whale deposited 1 million USDC into Hyperliquid to leverage 20x long ETH

BlockBeats News, February 16th, according to Onchain Lens monitoring, a whale deposited 1 million USDC to Hyperliquid, opened an ETH (20x leverage) long position, and still holds a SOL (20x leverage) long position.

The whale also increased its spot token holdings, including: 20,000 SOL (about $1.7 million), 8.5 million FARTCOIN (about $1.69 million), 30 million MON (about $717,000), 6.73 million XPL (about $651,000).

As of now, the whale's total cumulative loss from contract trading exceeds $11.877 million.