A major whale is currently accumulating significant leverage on Hyperliquid, with his ETH long position alone valued at over $550M—the largest on the platform. Combined with his SOL and BTC longs, the whale's total exposure reaches $675.86M across these three major assets.

Despite holding such enormous positions, the account is currently underwater by $54.81M. However, the liquidation threshold remains considerably distant, giving the whale substantial room before forced liquidation triggers. This strategy suggests strong conviction in a near-term bullish move for the major cryptocurrencies, though the magnitude of drawdown underscores the inherent risks of leveraged trading at such scale.