A whale opened a 25x leveraged ETH short position on Hyperliquid, with a position size of $12.98 million.

According to Odaily Planet Daily, according to Lookonchain monitoring, a whale recharged 3.25 million USDC to Hyperliquid and established a short position of 3,000 ETH with 25x leverage. The total position was worth approximately US$12.98 million, and its liquidation price was US$5,291.9.