Whale Bets Big: $29M SOL Long on Hyperliquid
Whale deposits $14.5M USDC to Hyperliquid and opens a $29M long position on SOL with 2x leverage.
- Whale deposits 14.53M USDC into Hyperliquid
- Opens a $29M long position in SOL with 2x leverage
- Strong vote of confidence in Solana’s future
A crypto whale identified as wallet 0x560C has made a bold move that has caught the attention of on-chain analysts. Five hours ago, the whale deposited 14.53 million USDC into the Hyperliquid perpetual trading platform and used the funds to open a massive long position on Solana (SOL).
With 2x leverage, the whale entered a position worth 143,126 SOL, valued at approximately $29 million. This is not just a high-risk play—it’s a strong signal of belief in Solana’s price trajectory.
Confidence in Solana’s Upside Potential
Solana (SOL) has seen a strong recovery in recent months, with increased developer activity, a growing ecosystem, and consistent performance under heavy user loads. The whale’s long position suggests high confidence in SOL’s near-term price appreciation.
The use of 2x leverage indicates a moderate risk appetite. Instead of opting for extremely high leverage, the whale appears to be taking a calculated approach—maximizing exposure without putting the entire capital at high risk.
Hyperliquid’s Role in High-Stakes Crypto Trading
This move also highlights the rising popularity of Hyperliquid, a decentralized derivatives platform that allows traders to access deep liquidity and sophisticated trading tools without intermediaries. As whales and professional traders look for secure, fast, and efficient platforms, Hyperliquid is positioning itself as a key player.
The whale’s activity reinforces a growing trend where significant capital is flowing into DeFi-based trading platforms, bypassing traditional centralized exchanges.
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