Whale Deposits $5.438M USDC into HyperLiquid, Opens $2.3M 25x Leveraged ETH Long and Builds ETH Positions in the $3,530-$4,296 Range

As of October 22, data from OnchainLens indicate that the whale address 0xd8e shifted roughly $5.438 million in USDC into the liquidity venue HyperLiquid, while establishing a highly leveraged ETH long exposure valued at about $2.3 million at 25x leverage. The move underscores persistent whale activity and a preference for amplified beta within the current crypto market backdrop.

Separately, the same wallet reportedly maintains an open long position, with periodic size additions as price action traverses a broad ETH corridor between approximately $3,530 and $4,296. The setup suggests tactical exposure rather than a firm directional call, aligned with disciplined risk management and ongoing liquidity provisioning within the DeFi ecosystem.