Whale Deposits 10M USDC into HyperLiquid, Opens 20x ETH Long Worth $32.8M (12,000 ETH) at $1,990 Liquidation Price

COINOTAG News, December 2, cites LookIntoChain’s on-chain tracking, showing a whale address beginning with 0xa5B0 funding 10 million USDC into HyperLiquid and opening a 20x long on ETH. The position comprises 12,000 ETH (about $32.8 million) with a liquidation price near $1,990.

This notable crypto news item underscores substantial liquidity deployment by a single large holder and adds a concrete datapoint for whale activity analysis. Market participants tracking blockchain data can observe the associated risk profile and near-term volatility implications without relying on speculative projections.