In the fast-paced world of decentralized finance (DeFi), big moves by whales—those large holders of crypto assets—can signal shifts in market sentiment or spark new trends. Recently, a tweet from Onchain Lens highlighted one such whale's daring entry into HyperLiquid, a popular perpetual futures exchange on the blockchain.

The whale deposited $5 million in USDC, a stablecoin pegged to the US dollar, into HyperLiquid for the very first time. They then opened a long position on Ethereum (ETH) with 20x leverage. Leverage, in simple terms, allows traders to amplify their positions by borrowing funds, magnifying both potential gains and losses. A 20x leverage means for every $1 of their own money, they're controlling $20 in the market.

As of the tweet, this position has grown to a whopping $27 million, holding 10,000 ETH. You can check the details on the trader's profile here.

This kind of high-stakes trading isn't uncommon in crypto, but it's particularly exciting for meme token