Whale Deposits $5.438M USDC into HyperLiquid, Opens $2.3M 25x Leveraged ETH Long and Builds ETH Positions in the $3,530-$4,296 Range

As of October 22, data from OnchainLens indicate that the whale address 0xd8e shifted roughly $5.438 million in USDC into the liquidity venue HyperLiquid, while establishing a highly leveraged ETH long exposure valued at about $2.3 million at 25x leverage. The move underscores persistent whale activity and a preference for amplified beta within the current crypto market backdrop.

Separately, the same wallet reportedly maintains an open long position, with periodic size additions as price action traverses a broad ETH corridor between approximately $3,530 and $4,296. The setup suggests tactical exposure rather than a firm directional call, aligned with disciplined risk management and ongoing liquidity provisioning within the DeFi ecosystem.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.