Whale Opens $38.9M 10x Leveraged Crude Oil Long on Hyperliquid

A newly created wallet, 0x2558, deposited 4.24M USDC into Hyperliquid and opened a 10x leveraged long on 500,000 xyz:CL contracts, a notional position worth $38.89 million, with a liquidation price of $71.50. The trade is a directional bet on crude oil priced entirely in stablecoins, executed on a…