Techub News reported, citing monitoring by @OnchainLens, that an address beginning with 0x4d47 recently deposited 5.5 million USDC into HyperLiquid. The deposit was valued at approximately $5.5 million. After the funds were placed on the platform, the address established two long positions involving HYPE and ZEC.
The monitored data shows that the address opened a long position of 120,000 HYPE with 10x leverage. It also opened a long position of 6,193 ZEC with 3x leverage. USDC is a stablecoin commonly used on crypto trading venues for collateral, settlement, or asset transfers, and the disclosed on-chain information centers on this address’s position activity on HyperLiquid.
The same address had previously closed an Ethereum long position and realized a profit of about $396,000. Based on the information shared by @OnchainLens, the address currently holds high-leverage altcoin long positions on HyperLiquid, with the disclosed positions mainly involving HYPE and ZEC.