Onchain Lens reported that a newly created wallet deposited 2.67 million USDC into Hyperliquid and opened a $1.62 million long position in LIT using 2x leverage. According to the latest on-chain monitoring update, the position is now showing more than $330,000 in unrealized profit. The move points to a sizable directional bet on LIT by a single trader through the Hyperliquid platform. Given the position size and leverage used, the trade has drawn attention as a notable whale-style move in the derivatives market.
According to Onchain Lens, a newly created wallet deposited 2.67 million USDC into Hyperliquid and opened a $1.62 million long position in LIT with 2x leverage.
As of the latest monitoring update, the LIT long is showing more than $330,000 in unrealized profit. The data indicates that the trader is making a sizable directional bet on LIT through Hyperliquid.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
