A prominent smart money investor has liquidated a Solana long position on derivatives platform Hyperliquid and allocated $17.9 million into a 3x leveraged long position for Ethereum, signaling shifting market sentiment toward ETH.
The investor established the Ethereum position with an entry price of $3,743, setting a liquidation threshold at $2,547.6. This strategic pivot from Solana to a high-leverage Ethereum bet represents one of the largest recent directional plays tracked on Hyperliquid.
The address behind this move has achieved $3.36 million in cumulative realized profits on the platform, with recent gains amounting to $2.362 million, reflecting a demonstrated track record in successful crypto derivatives trading.