A whale opened a high-leverage short position of approximately $7.5 million in ETH and HYPE, and purchased ETH and HYPE in the spot market.

According to Onchain Lens, a whale deposited $7.49 million in USDC into the HyperLiquid platform over the past 40 minutes and opened short positions in ETH (20x leverage) and HYPE (10x leverage). The whale also purchased ETH and HYPE in the spot market.