Dormant Whale Launches $11.75M Leveraged Bets on ETH and HYPE

After eight months of inactivity, whale wallet 0x2c87 has returned to the market, first closing out its previous Hyperliquid (HYPE) position. Shortly after this exit, the trader shifted strategy and opened new leveraged positions across two different assets.

The wallet is now positioned with a 2x long on 2,839 ETH and a 2x short on 94,101 HYPE. Combined, these trades amount to roughly $11.75 million in total exposure.

Source: Onchain Lens