Lookonchain
Wallet 0x3ed4 opened a 10x leveraged long on 142,754 $HYPE (~$9.1M) on Friday, with a liquidation price of $41.93. The position was entered after a recent pump on the token, suggesting the wallet is leaning into momentum rather than fading it.
Why it matters
The same wallet had already opened a 10x long on 13,356 $ZEC (~$8.24M) a day earlier — putting roughly $17.3M of notional exposure across two unrelated altcoin perps in under 24 hours. Concentrated 10x leverage on a single address is a high-conviction read from a trader who has historically timed cyclical alt rotations; the cluster of fresh longs across both majors-adjacent and mid-cap names is the kind of footprint on-chain trackers watch for early signals of an altseason push.
Market impact
The $41.93 liquidation price sets a hard line for the $HYPE trade — a roughly 30% drawdown from entry would wipe the position. With the wallet already showing unrealized exposure of this size on $ZEC, any sharp rotation against either leg forces an uncomfortable choice. Watch for follow-on adds or trims from 0x3ed4 over the next 48 hours; either move is the signal the rest of the market will read.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x3ed4033676d0bdb3938728ca4ac673d00e74bd06#perps)
Frequently asked questions
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Who is wallet 0x3ed4 and why is their trading tracked?
0x3ed4 is a pseudonymous whale address tracked by on-chain analytics platforms like HypurrScan. Wallets concentrating large leveraged positions on Hyperliquid perps are watched because their entries often align with cyclical altcoin rotation phases.
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What is the liquidation price on the $HYPE long?
The 10x long on 142,754 $HYPE has a liquidation price of $41.93, roughly 30% below the entry point. A drawdown of that magnitude would wipe the position entirely.
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How much total exposure does 0x3ed4 now hold across perps?
The wallet holds roughly $9.1M notional on $HYPE and $8.24M notional on $ZEC, combined ~$17.3M of leveraged altcoin exposure opened inside a 24-hour window.
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Does a whale opening large longs move the price of $HYPE or $ZEC?
A single 10x position of this size typically does not move spot price on its own, but it sets a liquidation level the broader market watches — and cluster entries from historically successful wallets often attract copy-trading flow that amplifies the original move.
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What should traders watch next from 0x3ed4?
Follow-on adds, partial trims, or full closes from the wallet over the next 48 hours are the signal. Adding to either leg would reinforce the bullish conviction read; trimming would suggest the wallet is hedging rather than committing.
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