A newly created wallet deposited 10 million USDC into Hyperliquid, bought spot, and opened a 10x leveraged short position on HYPE for hedging.
According to Jinse Finance, Onchain Lens monitoring shows that a newly created wallet transferred 10 million USDC to Hyperliquid. Part of the funds were used to buy HYPE in the spot market, while simultaneously opening a 10x leveraged short position on HYPE. The wallet still holds approximately 9 million USD in funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
20,000 ETH transferred out from a certain exchange, worth $61.21 million
The probability of "OpenSea launching a token this year" rises to 52% on Polymarket
An exchange accidentally leaked details of OpenSea's $150 millions ICO
A certain exchange once posted "Opensea public sale next week," but later deleted it.
Trending news
MoreCrypto prices
More
