Trader Huang Li-cheng Deposits 1.2M USDC on Hyperliquid to Open 25x Leveraged ETH Long Positions

Trader Huang Li-cheng deposited approximately 1,199,700 USDC to Hyperliquid about seven hours ago and opened 25x leveraged long positions totaling 4,050 ETH, valued at roughly 1.19 million U.S. dollars, with a liquidation price at 2,694 U.S. dollars, Hyperinsight data show. Huang's cumulative losses on the platform have reached 21.21 million U.S. dollars.