A certain whale opened a 25x leveraged ETH short position on Hyperliquid, with a position size of $12.98 million.

According to Jinse Finance, monitoring by Lookonchain shows that a whale deposited 3.25 million USDC into Hyperliquid and then opened a 3,000 ETH short position with 25x leverage. The total position value is approximately $12.98 million, with a liquidation price of $5,291.9.