According to the latest monitoring data from on-chain analytics platform OnchainLens, on February 13, a whale address labeled '0x4A2' injected $2 million in USDC into the decentralized trading platform HyperLiquid, quickly establishing long positions on ETH and SOL with 20x leverage.
This move has drawn significant market attention. Although the scale of this transaction and its high leverage are eye-catching, historical data indicates the whale's prior trading performance was far from ideal. Records show cumulative losses have already exceeded $6.88 million.
Industry analysts noted that such high-leverage strategies in the crypto market carry substantial risks, especially amid current heightened volatility. While ETH and SOL are established assets with potential, investors should remain cautious about potential liquidation risks during extreme market conditions.
Notably, this is not the first large on-chain transaction recently observed. As market interest rebounds, whale movements often influence price trends, warranting continuous monitoring.