After purchasing 1,242 ETH, a whale went 20x long on 16,366 ETH.

According to Jinse Finance, monitored by Lookonchain, the whale address starting with 0xa5B0 bought 1,242 ETH (worth approximately $3.67 million) in spot over the past two days. Subsequently, in the past 10 hours, it deposited 5 million USDC into Hyperliquid and went long on 16,366 ETH (worth approximately $44.3 million) with 20x leverage. The liquidation price of its position is $2,446.7.