PANews reported on October 24th that Onchain Lens reported that address "0x8c58" deposited $1.98 million USDC into HyperLiquid and opened a 20x leveraged short position in ETH. The address initially suffered a $26.6 million loss, and while it has since partially recovered, it currently remains at a loss of approximately $19 million. Notably, this investor had previously profited from shorting ETH.PANews reported on October 24th that Onchain Lens reported that address "0x8c58" deposited $1.98 million USDC into HyperLiquid and opened a 20x leveraged short position in ETH. The address initially suffered a $26.6 million loss, and while it has since partially recovered, it currently remains at a loss of approximately $19 million. Notably, this investor had previously profited from shorting ETH.
A whale shorting Ethereum with high leverage on HyperLiquid is still losing nearly $19 million
PANews reported on October 24th that Onchain Lens reported that address "0x8c58" deposited $1.98 million USDC into HyperLiquid and opened a 20x leveraged short position in ETH. The address initially suffered a $26.6 million loss, and while it has since partially recovered, it currently remains at a loss of approximately $19 million. Notably, this investor had previously profited from shorting ETH.
Market Opportunity
USDCoin Price(USDC)
$1.0002
$1.0002$1.0002
USD
USDCoin (USDC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058
Ethereum price predictions are turning heads, with analysts suggesting ETH could climb to $10,000 by 2026 as institutional demand and network upgrades drive growth. While Ethereum remains a blue-chip asset, investors looking for sharper multiples are eyeing Layer Brett (LBRETT). Currently in presale at just $0.0058, the Ethereum Layer 2 meme coin is drawing huge [...] The post Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058 appeared first on Blockonomi.
Share
Blockonomi2025/09/17 23:45
Saylor Defends Bitcoin Treasury Firms Amid Rising Criticism
Strategy chairman Michael Saylor pushed back on critics who say companies that hold Bitcoin are reckless. He told a podcast that buying Bitcoin should be seen as
Share
NewsBTC2026/01/18 00:30
October Leverage Reset No Longer Pressures Crypto Prices, Grayscale Says
Crypto markets appear to have moved past the leverage-driven stress seen in October, according to asset manager Grayscale. Recent research shared by the firm suggests
Share
Coinstats2026/01/18 00:05