Onchain Lens tracked a whale wallet identified as “0xf29” depositing $5 million worth of USDC into HyperLiquid and placing a time-weighted average price, or TWAP, order to build a short position in CXMT. The trade was opened with 1x leverage, according to the data cited by BlockBeats on July 15. The position was still increasing at the time of the report, indicating the wallet was continuing to add to the short through staged execution rather than entering all at once. No additional details on entry price, liquidation level, or the whale’s broader portfolio were disclosed in the source report.
BlockBeats reported on July 15 that, according to Onchain Lens, a whale wallet labeled “0xf29” deposited $5 million in USDC into HyperLiquid and placed a TWAP order to build a short position in CXMT with 1x leverage.
The position was still increasing at the time of the report.
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