Whale Deposits $2.95 Million in HyperLiquid: Massive 25x Leveraged ETH Short and Other Coin Positions Revealed

On May 17th, COINOTAG reported a significant transaction involving a **whale address** that deposited **$2.95 million** into HyperLiquid. This strategic move was accompanied by the establishment of several **short positions**, including a **25x leveraged ETH short** and **10x leveraged shorts** on PEPE, WIF, and OP. Currently, the cumulative value of its **short positions** exceeds **$66.75 million**, showcasing a calculated approach to market dynamics. The whale’s position has realized a profit of **$1.26 million**, underlining the potential for targeted **leverage** in a volatile cryptocurrency landscape. As investors navigate this unpredictable market, such substantial actions by large holders may set the tone for future trading patterns, emphasizing the importance of **informed decision-making** in crypto investments.