Lookonchain said a newly created wallet deposited 5 million USDC into Hyperliquid and then opened 20x leveraged short positions in both Ether and Bitcoin. The address shorted 8,155 ETH with a position value of $20.33 million, alongside 247.6 BTC valued at $19.49 million. The activity was flagged as whale-sized positioning by the on-chain tracking account. No additional identity details for the wallet were disclosed in the source update, which focused on the deposit and the two short positions.
According to Lookonchain, a newly created wallet deposited 5 million USDC into Hyperliquid before opening 20x leveraged short positions in Ether and Bitcoin.
The address shorted 8,155 ETH, with the position valued at $20.33 million, and 247.6 BTC, with the position valued at $19.49 million.
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