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.