A new trader, identified as 0x916E, has made a significant move in the cryptocurrency market by depositing $4.28 million USDC into the Hyperliquid platform. The trader opened a 25x leveraged long position on Ethereum, which has now reached a size of 44,523 ETH, valued at approximately $100.4 million. The position carries a liquidation price of $2,196 per ETH, indicating a high-risk strategy in the volatile crypto market.