Someone just deposited 1.21M $USDC into Hyperliquid and opened a 20x short on $SOL at $164.9.

The position reached 97,500 $SOL($16M)), with a liquidation price of $172.96.

https://hypurrscan.io/address/0x060F911834ff8EaCe86ceA9EdD90820dF3eb1901