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A certain new wallet deposited $1 million into HyperLiquid and shorted ETH with 25x leverage.

By: theblockbeats.news|2025/08/31 14:32:18

BlockBeats News, August 31st, according to Onchain Lens monitoring, a newly created wallet withdrew 2 million USDC from Binance and deposited 1 million US dollars into HyperLiquid to short ETH with 25x leverage.

The whale still holds 1 million USDC in the chain and may use it for margin, or increase their short position.

A certain whale participated in the first round of the public sale, spending 15 million USDC to subscribe to 1 billion WLFI tokens. Tomorrow, they will unlock and claim 200 million WLFI tokens, worth 70 million dollars.

Analyst: Ethereum Short-term Bearish, Potential for a Breakthrough of $4,600 Resistance Level and a Run at $5,000