Tesla’s new-generation Roadster was unveiled on Oct. 16, with the presentation showing features including a brief airborne move and an aerial flip. From the start of the event at 08:55 to the time of reporting, the TSLA contract on Hyperliquid rose from about $365.27 to $373.04, up roughly 2.13%, according to BlockBeats.
Activity in the contract expanded alongside the price move. Within hours after the news, trading volume in the TSLA contract reached $81.12 million, about 24.3 times the amount seen in the comparable earlier window. Over the past 24 hours, total volume jumped to $128 million.
Open interest also climbed. The notional value of outstanding contracts rose to $82.33 million after the presentation began, an increase of about $35.63 million, or roughly 76.3%. That increase was much larger than the contract’s price gain of about 2.13% over the same period.
Three whale traders opened fresh longs
During the advance, at least three whale traders opened new long positions. Their combined exposure stood at about $3.98 million, with a weighted average entry price of roughly $367.33. Together, the positions were showing about $60,900 in unrealized profit at the time of reporting.
- Wallet 0x696d started building a 20x leveraged long 10 minutes after the news. The position was worth about $1.8515 million, with an average entry price of $365.51, and was showing a 38% unrealized gain.
- About 50 minutes after the news, wallet 0xa609 began a 10x leveraged TWAP buy program and completed the build over about 30 minutes. The position was worth about $1.1191 million, with an average entry price of $368.13, and was showing a 12% unrealized gain.
- More than an hour after the news, wallet 0xb885 chased the move with a 20x leveraged long. The position was worth about $1.0094 million, with an average entry price of $369.77, and was showing a 15% unrealized gain.