A cryptocurrency whale, identified by the address 0xd8ef, has made a significant move by depositing $3.25 million in USDC into the Hyperliquid platform. The whale has taken a short position on Ethereum, utilizing 25x leverage to short 3,000 ETH, valued at approximately $12.98 million. The position's liquidation price is set at $5,291.9, indicating a high-risk strategy given the current market conditions.