A whale deposited $6.69 million into Hyperliquid, went short on ETH with 3x leverage, and simultaneously bought $3.9 million worth of spot ETH.

Blockbeats
Aug 26

BlockBeats News, August 26th, according to Onchain Lens monitoring, a whale deposited $6.69 million into Hyperliquid, opened a 3x leveraged ETH short position, and bought 889.3 ETH at a spot price of $4,385, worth $3.9 million.

An analyst pointed out that in the current market trend uncertainty, whales often participate in the market using hedging strategies.

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