PANews reported on March 29 that according to OnchainLens monitoring, trader izebel.eth deposited 2 million USDC into HyperLiquid and performed the following operations:

• Use 25x leverage to go long on ETH, holding 4,000 ETH, with a total value of approximately $7.62 million
• Purchased 100,000 HYPEs at an average price of $13.5, spending $1.34 million