A newly created address deposited 3.98 million USDC into Hyperliquid and shorted $20.25 million worth of ETH

Odaily News According to Lookonchain monitoring, ETH has returned above $2,100. Within the past 2 hours, a newly created address deposited 3.98 million USDC into Hyperliquid and opened a 20x short position on 9,526 ETH (worth $20.25 million), currently facing an unrealized loss of $255,000.