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An address used 20x leverage to long ETH, with a position value of $33.38 million
Odaily Planet Daily reports that, according to Lookonchain monitoring, a newly created address (0x6C85) deposited 12.88 million USDC into Hyperliquid and used 20x leverage to go long on ETH. Currently, this address has opened a long position of 16,270 ETH, valued at 33.38 million USD.