Ethereum Whale Bets Big on 25x ETH Long on Hyperliquid as 2,300 ETH Position Grows; P&L Swings From +$44.84M to -$13.7M
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
According to COINOTAG News, with LookIntoChain tracing, the wallet known as ‘Big Brother Whale’ Huang Lizheng recently deposited 284,000 USDC into Hyperliquid to sustain an ETH long exposure. The setup uses 25x leverage on 2,300 ETH, yielding an approximate notional of $8.79 million, with a reported liquidation price near $3,680.
Meanwhile, the position’s mark-to-market P&L on Hyperliquid has swung from a prior profit of $44.84 million to a current loss of $13.7 million, illustrating how quickly leveraged longs can flip on price moves.
This development underscores risk-management considerations for large derivatives activity in crypto markets, where funding mechanics and liquidations mirror evolving market liquidity. Readers should watch margin health, price feeds, and hedging options to assess embedded risk in high‑leverage bets.