According to Lookonchain, newcomer trader 0x916E deposited 4.28 million USDC into Hyperliquid and opened a 25x leveraged long position on ETH, amounting to 44,523 ETH valued at $100.4 million. The liquidation price for this position is set at $2,196, making it highly vulnerable to price swings. This aggressive leverage increases market volatility and potential liquidation events, which could impact ETH price action and trader sentiment across both centralized and decentralized exchanges. Source: Lookonchain (Twitter), hypurrscan.io.