The giant whale deposited $1.98 million into Hyperliquid and opened a 20x ETH short position

Oct 24, 2025 14:38:46

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ChainCatcher news, according to Onchain Lens monitoring, the whale address 0x8c58 deposited 1.98 million USDC into Hyperliquid and opened a 20x leveraged ETH short position.

This address has previously incurred a cumulative loss of approximately 19 million dollars in multiple ETH short trades, with a historical maximum drawdown of 26.6 million dollars.

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