Trader Takes 10x Leveraged Long Position in HOOD on Hyperliquid as Tokenized Stock Exemption Reports Lift Price

A trader on Hyperliquid has opened a 10x leveraged long position in HOOD (Robinhood), with the position size reaching $2.08 million and an unrealized profit of about $660,000. According to BlockBeats On-chain Detection, the trader’s average entry price was $73, with a reported return rate of 472%, and the principal has increased more than fourfold. Market data showed HOOD rising 10.4% over the past 24 hours on Hyperliquid, while U.S. overnight trading continued to fluctuate at elevated levels, last quoted at $107.5. Since the early-month low, HOOD has gained about 35%. The rally has been linked to reports that the U.S. Securities and Exchange Commission is considering advancing a “tokenized stock innovation exemption.” If implemented, the policy would allow crypto companies to offer blockchain-based versions of traditional stocks, enabling 24/7 trading and near-instant settlement. The address associated with the position was listed as 0x5f94a51948d2376ad34a6fadfa2544e651b74b96.