Anonymous whale opens $44.9M ETH long on Hyperliquid

An anonymous whale address active on Hyperliquid, a decentralized perpetual futures exchange, opened a $44.85 million long position in ETH overnight, according to Lookonchain. The wallet, which begins with 0x89da, entered the position at $2,422.37, with a liquidation price of $1,874.86. CoinMarketCap data shows ETH was trading at $2,413.33, down 2.43%, at the time of writing.