Whale Deposits $3.25M USDC to Hyperliquid, Opens $12.93M 25x ETH Short — Later Adds $16.6M 40x BTC Short

COINOTAG News reported on September 3 that an on‑chain whale deposited 3.25 million USDC into Hyperliquid and initiated a 25x leveraged short on ETH, resulting in a notional short position of $12.93 million.

The same wallet subsequently opened a 40x leveraged short on Bitcoin via Hyperliquid, with a reported position value of $16.6 million. These reported figures indicate substantial leveraged exposure; the position sizes and leverage ratios are verifiable on‑chain.