A whale address, identified as "0x8c5," has deposited $4 million USDC into HyperLiquid to mitigate liquidation risks on its 20x leveraged ETH short position, according to Onchain Lens. Despite this move, the whale still faces an unrealized loss of $14 million, with total losses amounting to $26 million.
Whale Deposits $4 Million USDC to Avoid Liquidation on HyperLiquid
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