New Wallet Opens $50.8M 20x ETH Short on HyperLiquid — 10,796 ETH at $4,718 Entry (Liquidation $5,086)

COINOTAG News reported on September 13 that on-chain monitoring by Onchain Lens identified a newly created wallet depositing 5.1 million USDC into HyperLiquid and opening a 20x leveraged ETH short.

The disclosed position shows a size of 10,796 ETH with a notional exposure of $50.83 million, an entry price of $4,718.1 and a liquidation price of $5,086.8, per on-chain records.

Such concentrated, high-leverage activity is material to counterparties and risk managers; market participants should track on-chain metrics, collateralization levels and margin parameters to evaluate potential liquidation dynamics and platform risk.