On-chain analyst Onchain Lens said wallet address 0xf29 deposited $5 million in USDC to Hyperliquid and placed a TWAP order to open a short position in $CXMT with 1x leverage. The monitored position was still increasing at the time of the update. The move was reported by ChainCatcher as part of its whale activity coverage. No additional details on timing, entry level, or the final size of the position were disclosed in the source. The report identified Hyperliquid as the venue, USDC as the deposited asset, and CXMT as the token tied to the short position.
ChainCatcher reported that, according to on-chain analyst Onchain Lens (@OnchainLens), wallet address 0xf29 deposited $5 million in USDC to Hyperliquid and placed a TWAP order to open a short position in $CXMT with 1x leverage.
At the time of the monitoring update, the position was still increasing.
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