On August 21, Onchain Lens recorded a transaction in which a newly created wallet sold 355.97 ETH and received roughly 1.5 million USDC, with the stablecoin proceeds deposited into Hyperliquid.

Following the deposit, the same address initiated a long ETH position on Hyperliquid using 20x leverage, materially increasing its leveraged exposure and attendant liquidity and liquidation risk.

These on-chain flows, timestamped and publicly verifiable, offer actionable transparency for traders and risk managers monitoring capital allocation and leverage dynamics across decentralized venues.