Monitored by Woofun AI, a wallet deposited 4.24 million USDC into Hyperliquid as collateral five hours ago to establish a significant long exposure. The entity opened a position on 500,000 CL tokens with 10x leverage, valued at $37.77 million, at an entry price of $78.184.

Approximately four hours after initiating the trade, market sentiment shifted following reports that Iran's petrochemical and petroleum product exports received an exemption. Consequently, the address is currently facing an unrealized loss of $1.33 million.