Whale Deposits 10 Million USDC to Open $46M 10x Leveraged Long Position on Ethereum

On June 12, COINOTAG highlighted a significant market move where a prominent whale address transferred 10 million USDC into HyperLiquid, subsequently initiating a 10x leveraged long position on Ethereum (ETH). This strategic allocation underscores growing confidence in ETH’s price trajectory within institutional circles. Presently, the leveraged position holds an estimated value of $46 million, reflecting substantial exposure amplified by leverage. Such large-scale transactions, tracked by Onchain Lens, offer critical insights into market sentiment and liquidity dynamics, serving as key indicators for traders and investors monitoring crypto leverage trends and whale activity. This development emphasizes the increasing role of leveraged trading platforms in shaping Ethereum’s market landscape.