An address that previously held 105,000 ETH reportedly deposited 1.98 million USDC as collateral with Hyperliquid. Both addresses continue to show unrealized gains. Two addresses formerly holding a combined 105,000 ETH reportedly deposited 1.98 million USDC as collateral with Hyperliquid.

The addresses continue to show unrealized gains on their positions. The move illustrates ongoing use of stablecoin collateral for ETH exposure on the platform. No further details about the accounts or terms were disclosed.

This development underscores active liquidity and risk management practices in ETH markets across exchanges. Investors should watch for further updates as market conditions evolve.

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