A new address has invested $4.24 million to leverage 10x long on WTI crude oil.

BlockBeats News, June 22nd, according to Onchain Lens monitoring, a newly created wallet 0x2558 deposited 4.24 million USDC into Hyperliquid and opened a 10x long position with 500,000 xyz:CL ($38.89 million) to become the largest oil position on Hyperliquid. The liquidation price for this long position is $71.5.