According to OnchainLens, a newly created wallet identified as “0x016” deposited about $2.67 million in USDC into Hyperliquid and then opened a LIT long position worth roughly $1.62 million using 2x leverage. The position is currently in profit, with unrealized gains exceeding $330,000. The on-chain activity points to a large directional bet initiated shortly after the wallet was created, combining capital deployment and leveraged exposure in a single sequence.
ChainCatcher reported, citing data tracked by OnchainLens, that a newly created wallet labeled “0x016” deposited approximately $2.67 million in USDC into Hyperliquid. After the deposit, the wallet opened a 2x leveraged long position in LIT with a notional size of about $1.62 million.
At the time of monitoring, the position was already profitable, showing more than $330,000 in unrealized gains. Based on the disclosed details, the move involved a newly created address entering the market with significant capital and quickly taking on leveraged long exposure to LIT.
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