New Wallet Opens High-Risk $18M Ethereum Long With 25x Leverage on HyperLiquid

A newly created wallet labeled “0xd4fb” has deposited 749,216 USDC into HyperLiquid before opening a highly leveraged position on the platform.

It then established a 25x long trade involving 10,768 ETH, bringing the total position size to approximately $18 million.

The position is now close to its liquidation level of $1,645.93, with only a narrow margin between current exposure and forced liquidation.