Whale pfm.eth Bets 5,000,000 USDC on Silver Long via Hyperliquid

Arkham Monitoring shows pfm.eth opened a roughly $1.49M silver long with 5,000,000 USDC via Hyperliquid at 1x leverage, with about $1.66M in limit buys pending.

Rich by Coin

2026-01-31

According to Arkham Monitoring, the whale pfm.eth used leverage to deposit 5,000,000 USDC with Hyperliquid and opened a long position in silver. The trader opened a 1x leveraged long position, with a position size of 17,305 xyz:SILVER, approximately $1.49 million. Additionally, about $1.66 million in limit buy orders remained pending.

Arkham Monitoring reports that pfm.eth used 5,000,000 USDC with Hyperliquid to open a silver long, executing at 1x leverage. The position size is listed as 17,305 xyz:SILVER, amounting to approximately $1.49 million. This move highlights a sizable bet on silver exposure funded through a crypto venue. Additionally, about $1.66 million in limit buy orders remained pending, signaling the trader’s intention to further scale exposure as market conditions evolve.

This development underscores ongoing whale activity and the growing use of stablecoins to access traditional asset exposure through tokenized trading venues. It also points to liquidity dynamics and risk management considerations prevailing in crypto markets.