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On-Chain ETH Max Longs Unrealized Losses Expand to $12 Million
February 24, according to on-chain monitoring, address 0xa5b… is the largest ETH long on the Hyperliquid platform, currently holding about 70,000 ETH (approximately $127 million) with 15x leverage. The entry price was $1,991, and unrealized losses have expanded to about $12.1 million.
Yesterday, this address added another 10,000 ETH (about $18.8 million) near $1,880. Since December last year, it has net deposited $55 million into the platform, with over $23.8 million in funds withdrawn in the past 30 days. The current account balance is approximately $33.78 million.
This whale previously built a position of over $100 million in ETH longs and fully closed it, then re-entered, continuing the high leverage swing trading style.