[A Whale Sells ETH Spot and Then Opens a 7x Long Position on Hyperliquid] Whale address 0x76AB sold 1,654 ETH for 5.49 million USDC and subsequently deposited the funds into the Hyperliquid platform. The address opened a 7x leveraged long position corresponding to 11,543 ETH (valued at approximately $38.4 million), with a liquidation price of $2,907.6.