Trader Opens Largest AVAX Long on Hyperliquid — $21.4M Position Now Showing $1.43M Unrealized Profit After 10% Rally

On September 23, COINOTAG News cited Embermonitor data showing an address had longed $21.4 million worth of AVAX on Hyperliquid since 11:00 PM, constituting the platform’s largest AVAX position. After the entry, AVAX appreciated roughly 10%, leaving the trader with an unrealized profit of $1.43 million. Reported execution metrics indicate an average entry price of $32.2 and a liquidation price of $27.1, per on‑chain records.

From a risk‑management perspective, the concentration and stated liquidation price highlight margin exposure and potential vulnerability to short‑term volatility. Transparency provided by Embermonitor and order‑book data on Hyperliquid allows market participants to assess position sizing, leverage implications and counterparty risk without resorting to speculative assertions.