Crypto Whale Expands Leveraged Crude Oil Longs to $24.71 Million on Hyperliquid

A single address on Hyperliquid holds $24.71 million in oil-linked long positions, showing $157,000 in unrealized gains as of October 19. The holdings comprise 149,000 WTI units worth $14.73 million entered at $98.14 and 93,000 Brent units worth $9.98 million entered at $106. This energy exposure was established after the trader liquidated 12,468 Ether on October 19 for 29.52 million USDC at $2,368 per token, locking in an $8.99 million profit from a June entry of $1,647. The trader initially transferred 20 million USDC to Hyperliquid to open $22.4 million in oil positions before scaling further.