According to @OnchainLens, after being liquidated on an ETH long yesterday, the same wallet deposited 9.5 million USDC to HyperLiquid and opened a new ETH long with 25x leverage totaling 49.5 million notional, source: Onchain Lens on X and HyperLiquid wallet tracker app.coinmarketman.com/hypertracker/wallet/0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365. Based on the reported 25x leverage and 49.5 million position size, the implied initial margin is roughly 1.98 million USDC from the 9.5 million deposit, calculation from figures reported by Onchain Lens with the above wallet tracker as source.

According to Lookonchain, top trader @JamesWynnReal has opened a massive long position on Ethereum (ETH) using 25x leverage, with a total size of 22,548 ETH (valued at $60.4 million) at an entry price of $2,666.31. Currently, the position is showing an unrealized profit of $270,000. This significant leveraged position highlights increased confidence among whales and could drive short-term volatility and liquidity in the ETH perpetual and spot markets. Traders should closely monitor ETH price levels around $2,666 and be aware of potential liquidations if price swings intensify (Source: Lookonchain via Twitter, May 23, 2025).