ETH Gains: Whale’s 25x Leveraged Long Position Nets $1.18 Million Profit on Hyperliquid

On March 14th, COINOTAG News reported on significant trading activity by a notable Ethereum investor. The on-chain data analyst Yu Jin observed that the Hyperliquid 50x Whale executed a 25x leveraged long position on ETH approximately five hours ago, subsequently closing this position one hour prior to the report. This strategic trade yielded a profit of approximately $1.18 million.

At around 4:00 AM Beijing time, the whale transferred 4.03 million USDC to Hyperliquid, utilizing these funds as collateral. The trader opened a long position with a leverage of 25x for 50,000 ETH, amounting to roughly $93 million, with an initial average entry price of $1856. The position was later closed at an average exit price of $1880, showcasing a profitable maneuver in a volatile market.