New wallet places $18M 25x leveraged ETH long on Hyperliquid; liquidation set within 2% of spot

BlockBeats, June 12 — Onchain Lens data shows a newly created wallet deposited 749,216 USDC into Hyperliquid and opened a 25x leveraged long of 10,768 ETH, valued at about $18 million. The position's liquidation price is $1,645.93, less than 2% from the current market price.