Hyperliquid’s Largest ENA Holder Opens $36M 5x Long on ENA and $12.85M 10x Short on ETH

According to HyperInsight monitoring, the largest holder address 0x6b7…c5e9c on Hyperliquid has opened concurrent leveraged trades: a 5x long ENA and a 10x short ETH. The ENA position is reported with a notional value of approximately $36 million, an average entry price of $0.6804, a liquidation price at $0.50, and an unrealized profit of about $2.78 million.

The corresponding ETH exposure is a 10x short with a position value near $12.85 million, an average entry of $4,314, a liquidation threshold at $7,669, and an unrealized gain of roughly $93,000. These figures are reported by HyperInsight; market participants should note the elevated leverage and attendant liquidation risk inherent in such concentrated exposures.