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Hyperliquid whale, down $9M, makes 20x Tesla bet


Wallet 0x30af closed a 1,355.6 BTC long on Oct. 18 at an average of about $80,945, for a loss that onchain trackers put at $3.26 million. The trader then opened a Tesla long on Hyperliquid worth about $34.6 million at 20x leverage. According to Lookonchain, the Tesla position was still open and down about $204,000 as of Monday morning, with liquidation near $350.74. Hyperliquid portfolio data showed the wallet down about $9.53 million over the past week; Tesla said it would report third-quarter results after the market close on Oct. 21.

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