According to @lookonchain, on-chain wallet 0xa523 has increased its ETH long to 86,845 ETH valued at approximately $297.7 million, indicating a sizable leveraged position that is visible to market participants, source: Lookonchain on X, Aug 28, 2025, https://twitter.com/lookonchain/status/1960929646444470635. The reported liquidation price for this position is $4,342.8, providing a clear risk threshold for potential forced closure if reached, source: Lookonchain on X, Aug 28, 2025, https://twitter.com/lookonchain/status/1960929646444470635; definition of liquidation price, source: Binance Academy.

According to @lookonchain, whale address 0xa523 deposited another 19.38 million USDC into Hyperliquid over the past 5 hours to buy more HYPE. According to @lookonchain, this represents additional HYPE purchasing by a single large participant on Hyperliquid.