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
Mizuho lowers target price for a certain exchange to $43
Bank of America lowers CSX Transportation price target to $55
BTC Price Slides Toward $80K, AVAX Defies Market Correction: Weekend Watch
Samsung Electronics will double the production of HBM4 and HBM4E next year
Crypto prices
More
