Whale Wallet Deploys $2.67M on HyperLiquid, Opens $1.62M LIT Long

A newly created wallet labeled “0x016” has deposited $2.67 million in USDC into HyperLiquid, setting up a significant leveraged trading position on the platform.

Shortly after the deposit, the wallet opened a 1.62 million LIT long position using 2x leverage. The entry was placed at $2.35, with a liquidation level set at $0.78.

Since then, the price of Lighter (LIT) has risen to around $2.55, pushing the position into profit and generating unrealized gains of more than $330,000.

Source: Onchain Lens