Whale Moves: 7 Million USDC Deposited as 1,371.87 ETH Purchased at $2,551

On May 20th, COINOTAG reported notable activity from a substantial **whale** address, which recently facilitated a **deposit** of **7 million USDC** into the **Hyperliquid** exchange. Of this amount, **3.5 million USDC** was strategically allocated to acquire **1,371.87 ETH** at a valuation of **$2,551** per unit. In a calculated move, the remaining **3.5 million USDC** was employed to establish a **3x leveraged long position** on **Ethereum**, entering the market at a price of **$2,550.42**. This calculated investment highlights the ongoing interest from significant players in the crypto space and illustrates the evolving dynamics of **Ethereum trading**. Investors should monitor such movements closely, as they can indicate broader market trends and potential opportunities in the **cryptocurrency** landscape.