A newly created wallet, identified as 0x4ff7, has deposited $2.43 million in USDC into the HyperLiquid platform. The wallet holder has initiated a 20x leveraged long position on 13,976 ETH, valued at approximately $42.9 million. The position's liquidation price is set at $3,311.7 per ETH, indicating a significant bet on Ethereum's price movement.