A whale, potentially associated with #Matrixport, has initiated a significant $204.5 million position by opening a long of 105,000 $ETH on Hyperliquid, though the investment has already incurred a loss exceeding $10 million. This activity involved two wallets, 0x6C85 and 0xa5B0, which employed Bridgers to transfer funds from Tron to Arbitrum for deposit into the decentralized exchange Hyperliquid, known for catering to large-scale traders engaging in leveraged positions. Notably, the wallet 0xa5B0 has received funds from #Matrixport multiple times, indicating a possible connection between the whale and the institutional service provider.
Whale linked to Matrixport opens 105,000 ETH long on Hyperliquid
