Unknown Trader Builds $19.8M Exposure in ETH and HYPE on HyperLiquid

A newly created wallet identified as “0x5e3e” has entered the market after depositing $1.19M in USDC into HyperLiquid.

Shortly after funding the account, it rapidly established aggressive leveraged positions across multiple assets. The wallet opened a 20x long position on 11,475 ETH and a 10x long position on 11,225 HYPE.

In total, these trades represent roughly $19.8M in combined exposure, marking a highly leveraged start for the newly active address.

Source: Onchain Lens