According to Lookonchain, a trader deposited 3M USDC into Hyperliquid before opening large short positions, source: Lookonchain on X Jan 16, 2026 https://twitter.com/lookonchain/status/2011990361208709367. The account used maximum leverage to short 18,261 ETH valued at 60.32M dollars and 1,845 XMR valued at 1.27M dollars, source: Lookonchain on X Jan 16, 2026 https://twitter.com/lookonchain/status/2011990361208709367. The ETH short has a liquidation price at 3,380 dollars, marking a key risk level for this position, source: Lookonchain on X Jan 16, 2026 https://twitter.com/lookonchain/status/2011990361208709367; position details: Hyperliquid dashboard https://legacy.hyperdash.com/trader/0xD83516572789F1c782C8298eFce58a5600318Fd7.

According to @EmberCN, ETH whale address 0xa339, known for using looped lending to long ETH, sold 5,000 ETH in the past hour for $14.6M USDC, implying roughly $2,920 per ETH, source: @EmberCN. According to @EmberCN, over the last 11 days the address sold a total of 35,605 ETH for $103.7M at an average sale price of $2,914, realizing $13.14M in profit, source: @EmberCN. According to @EmberCN, the address still holds about 15,000 ETH valued at $43.88M, source: @EmberCN. Based on the figures reported by @EmberCN, the implied cost basis on the sold ETH is approximately $2,544 per ETH, calculated from $103.7M proceeds minus $13.14M profit across 35,605 ETH, source: @EmberCN.