A whale deposited approximately $500,000 into Hyperliquid and shorted 6,914 ETH with 25x leverage

CoinFeed July 11 news, according to Onchain Lens monitoring, a whale deposited approximately $500,000 into Hyperliquid, opening a short position of 6,914 ETH (worth $12.43 million) with 25x leverage, at an opening price of $1,790.36, liquidation price $1,825.58, currently showing an unrealized loss of about $50,700, only 1.55% away from the liquidation price.