A whale sold 24,000 ETH and then leveraged to go long on various mainstream and MEME coins.

PANews reported on February 24th that, according to Onchain Lens , a whale with the address " 0xead " sold 23,924 ETH for approximately $45.06 million , at a price of approximately $ 1,883 per ETH. It then deposited $16 million USDC into the HyperLiquid futures trading platform and increased its long positions in BTC , ETH , and HYPE. Currently, the whale is experiencing a floating loss of over $30.76 million. The account's current holdings on HyperLiquid include: 20x leverage long positions in BTC , ETH , and XRP ; 10x leverage long positions in AVAX , LINK , LTC , PEPE , ENA , BONK , FARTCOIN , WLD , ZEC , NEAR , TON , ADA , and XPL ; 10x leverage short position in BCH ; and 5x leverage long position in HYPE .