According to @OnchainLens, a whale deposited $5M USDC into HyperLiquid and opened a 20x-levered ETH long, source: Onchain Lens on X (Nov 21, 2025). The linked trader page shows a current position of 10,000 ETH valued around $27M, implying a current position value per ETH near $2,700, source: hyperbot.network/trader/0xa5b0edf6b55128e0ddae8e51ac538c3188401d41; Onchain Lens. At this size, a 1% move in ETH equates to roughly $270,000 unrealized PnL on the position, derived from the stated $27M notional, source: Onchain Lens; hyperbot.network.