A newly created address has opened a 10x leveraged long position on crude oil, with a position value of $38.89 million

According to Lookonchain monitoring, a newly created address (0x2558...ba9c) deposited 4.24 million USDC into Hyperliquid and opened a long position of 5,000 barrels of xyz:CL with 10x leverage. The position value is $38.89 million, with a liquidation price of $71.50.