Someone with very deep pockets and very high conviction just put roughly $23 million worth of Solana on the line, with 20x leverage. The anonymous whale deposited USDC into a perpetual futures platform and placed a long order targeting 500,000 SOL, with nearly 200,000 SOL already filled at the time the position was spotted.
The trade was flagged on Hypurrscan, a tracking tool for Hyperliquid, the decentralized perpetuals exchange that has become a favorite playground for traders who like their risk served extra spicy.
What the position actually looks like
At 20x leverage, a price decline of roughly 5% would be enough to wipe out the entire position through automatic liquidation.
The full order targets 500,000 SOL. With approximately 200,000 SOL already executed, the position is about 40% filled, carrying an estimated notional value near $23 million based on SOL’s price when the trade was placed. Whether the remaining 300,000 SOL gets filled depends on market conditions and available liquidity on the platform.
