A cryptocurrency whale has created a new wallet (0x54D7) and deposited $5.42 million USDC into Hyperliquid to initiate short positions on Ethereum (ETH), WLFI, and XPL. The current positions include 10,641 ETH valued at $51.2 million, 396,711 WLFI worth $116,800, and 53,793 XPL totaling $29,300. This significant move highlights the whale's bearish outlook on these assets.