A trader deposited nearly 500,000 USDC into HyperLiquid and opened a short position of 250 BTC with 40x leverage.

CoinFeed reported on May 6 that, according to Lookonchain monitoring, trader 0x128e deposited 499,900 USDC into HyperLiquid and opened a short position of 250 BTC ($20.32 million) with 40x leverage, with a liquidation price of $82,236.61.