A whale spent $7 million on Hyperliquid to buy ETH spot and 3x long ETH

TechFlow, May 20 — According to on-chain analytics platform Lookonchain (@lookonchain), a whale deposited $7 million in USDC to Hyperliquid three hours ago. Of this, $3.5 million was used to purchase 1,371.87 ETH spot at an average price of $2,551, while the remaining $3.5 million opened a 3x leveraged long position on ETH with an entry price of $2,550.42.