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A major trader just committed $292.8M to long positions on Hyperliquid. The move shows interesting mixed results across different blockchains.
On the downside, this whale is currently sitting on losses. The Ethereum and Bitcoin positions are underwater by $1.2M combined. That's a notable drawdown given the size of the initial deployment.
However, Solana bets are telling a different story—up $700K so far. This divergence highlights how traders are managing exposure differently across Layer 1 networks. The whale's strategy reveals a calculated hedge: oversized Hyperliquid longs paired with selective long-term positions in blue-chip assets, some losing ground while others gain.
It's a reminder that mega-sized trades don't always move in lockstep. Market conditions, volatility, and specific chain dynamics create winners and losers in the same portfolio.