A notable smart wallet has realized approximately $1.15 million in profit on the Hyperliquid platform over the past week, executing significant adjustments to its leveraged positions.
The wallet notably reduced its highly leveraged Ethereum position, closing 2,368.85 tokens of a 25x leveraged ETH long. This leaves only a minimal, actively managed ETH long exposure valued at approximately $388,400.
Despite scaling back its Ethereum bet, the wallet maintains aggressive directional exposure elsewhere. It currently holds a substantial 40x leveraged long position on Bitcoin valued at around $14.925 million and a concurrent 20x leveraged short position on Solana worth $4.84 million.
The strategic reduction in the Ethereum long stake is interpreted as a calibrated risk management maneuver. This activity reflects the wallet’s broader multi-asset leveraged strategy, actively balancing positions across Bitcoin, Ethereum, and Solana to target profits while managing portfolio risk.