A new wallet shorted ETH at 20x leverage on Hyperliquid, worth approximately $20.25 million.

CoinFeed reported on April 6th that, according to on-chain data platform Lookonchain, a newly created wallet address (0xc9c3) deposited 3.98 million USDC into the decentralized perpetual contract platform Hyperliquid within the past two hours and opened a short position of 9,526 ETH with 20x leverage, with a notional value of approximately $20.25 million. Currently, this position has a floating loss of approximately $255,000.