1011 Insider Whale Opens 15,000 ETH Long at $2,946 with 5x Leverage on Hyperliquid

COINOTAG News, citing Onchain Lens data, reports that the so‑called “1011 Insider Whale” expanded liquidity exposure by funneling USDC worth 10 million into Hyperliquid and opening an ETH long with 5x leverage. The position comprises 15,000 ETH at an entry price near $2,946, with a liquidation threshold around $2,326.53 and a current notional of about $44.3 million.

Analysts note that the latest disclosure underscores ongoing appetite among large holders for ETH exposure, aided by structured products at venues like Hyperliquid. The reported liquidation price implies a roughly 21% drawdown from entry, highlighting the risk‑reward trade‑off inherent in high‑leverage bets. The $44.3 million notional value remains contingent on price moves and liquidity conditions.