A newly created wallet deposited 5 million USDC into Hyperliquid and used 2x leverage to open a long position in CXMT, according to monitoring data cited by BlockBeats from Lookonchain on July 16. The position was reported as 194,175 shares of CXMT with an estimated value of $1.38 million. Lookonchain also said the liquidation price for the trade was set at $4. The update only identified the address as a new wallet and did not disclose additional ownership details. The transaction was presented as a whale-style move tied to activity on Hyperliquid.
BlockBeats reported on July 16 that, according to Lookonchain monitoring, a newly created wallet deposited 5 million USDC into Hyperliquid and opened a 2x leveraged long position in 194,175 shares of CXMT. The position was valued at about $1.38 million, with a liquidation price of $4.
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