A newly emerged whale has captured attention by executing an impressive long position on Ethereum through Hyperliquid, valued at over $100 million during the transaction.
Key Highlights:
A whale trader initiated a $100 million long on Ethereum using 25x leverage on Hyperliquid.
The position currently shows $800,000 in unrealized gains, yet it is fraught with risk due to complete capital exposure and a tight margin requirement.
Hyperliquid is becoming a hotspot for ambitious traders, including James Wynn.
Onchain analysis reveals that the trader deposited 4.28 million USDC and instantly deployed these funds into a highly leveraged long position equivalent to 44,523 ETH.
With an entry price of $2,247.22, Ethereum is presently trading around $2,266, yielding unrealized gains exceeding $800,000 for the trader.
High-Stakes Ethereum Long Bet on Hyperliquid Faces Liquidation Risk
This aggressive leveraged position carries a liquidation threshold set at $2,196, which represents a relatively narrow margin considering the current market dynamics.
The trade operates under a cross-margin configuration, signifying full capital exposure.
Notably, the wallet reflects no spot, vault, or staked assets apart from this single perpetual contract, emphasizing the substantial risk tied to this wager.
The funding rate associated with this trade indicates a minor loss of -$2,509.93, showcasing a moderate skew in market sentiment.
A newcomer known as 0x916E funded 4.28M $USDC into #Hyperliquid and initiated a 25x leveraged long on $ETH just an hour ago. The position currently holds 44,523 $ETH ($100.4M), with a liquidation price set at $2,196. https://t.co/8u5DW0D4Vj pic.twitter.com/NjrSPoWRM3
— Lookonchain (@lookonchain) June 23, 2025
This move underscores an increasing interest among high-net-worth participants who are willing to bet on the short-term outlook for Ethereum.
Hyperliquid is emerging as a key player in the perpetual decentralized exchange space, attracting substantial leveraged trading activities.
One prominent trader, James Wynn, gained recognition for his bold trades on the platform, transforming a $7,000 PEPE wager into over $25 million.
Since March, Wynn has ventured into trading perpetual futures on Hyperliquid, despite having no prior experience with derivatives.
In a remarkable turnaround, he asserted having escalated a $3 million position to $100 million in less than a month through high-leverage strategies, drawing considerable attention from the cryptocurrency community.
However, his fortunes took a downturn in May when he opened a staggering $1.25 billion long position on Bitcoin, leveraging up to 40x. A tweet from former President Trump about geopolitical matters led to market volatility, ultimately resulting in Wynn’s liquidation and a near-total loss of his investment.
Ethereum Staking Sees Impressive Growth Amid Market Challenges
In related developments, Ethereum staking has reached a significant benchmark, with over 35 million ETH—representing more than 28.3% of the overall supply—locked within the network’s proof-of-stake framework.
Notably, over 500,000 ETH was staked in just the first half of June, indicating a shift in investor strategies as many are opting for yield generation rather than selling at existing price levels.
Currently, liquid staking leading platform Lido manages more than 25% of all staked ETH, while Binance and Coinbase account for 7.5% and 7.4%, respectively.
Furthermore, Coinbase has established itself as Ethereum’s largest node operator, overseeing over 11.4% of staked ETH via its validators.
Interestingly, Ethereum is experiencing its most significant whale accumulation in the past seven years, with large wallet holders amassing over 871,000 ETH in a single day on June 12.
This represents the highest daily inflow recorded in 2025 and has pushed the total holdings in wallets containing 1,000 to 10,000 ETH beyond 14.3 million ETH, as reported by Glassnode.
The post New Whale Opens $100M Ethereum Long on Hyperliquid with 25x Leverage, Racks Up $800K in Unrealized Gains appeared first on Finance Newso.
