A certain new address is confidently leveraging 25x long on ETH, with a liquidation price less than 2% away from the current price.

BlockBeats News, June 12th, according to Onchain Lens monitoring, 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 liquidation price for this position is $1645.93, with less than a 2% difference from the current market price.