Whale Boosts ETH Longs: 8.58 Million USDC Deposited into Hyperliquid with 2x Leverage

By: en coinotag|2025/05/08 22:30:02
0
Share
copy
On May 8th, COINOTAG reported a significant movement in the cryptocurrency market as a notable investor, often referred to as a whale , deposited 8.58 million USDC into the decentralized exchange Hyperliquid. This strategic maneuver aims to leverage a long position on Ethereum (ETH) using a 2x margin. The entry price for this transaction was set at $1,930.41, which reflects a calculated approach to capitalize on current market sentiments. The whale’s position now holds an impressive unrealized profit of $354,000. Such activities underscore the growing interest and confidence in Ethereum as an investment vehicle, especially amidst fluctuating market conditions. Investors keen on cryptocurrency should monitor similar trends, as they can indicate potential price movements and market dynamics.

You may also like

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...

Who will own the most Bitcoin in 2026

In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

The encryption czar has left, and Trump has muted.

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

Popular coins

Latest Crypto News

Read more