A newly created wallet deposited 10 million USDC into Hyperliquid, bought spot, and opened a 10x leveraged short position on HYPE for hedging.
According to Jinse Finance, Onchain Lens monitoring shows that a newly created wallet transferred 10 million USDC to Hyperliquid. Part of the funds were used to buy HYPE in the spot market, while simultaneously opening a 10x leveraged short position on HYPE. The wallet still holds approximately 9 million USD in funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Bitcoin spot ETF saw a net inflow of $741.79 million yesterday
Data: In the past 4 hours, a certain address received 99,675 SOL from FalconX, worth $22.3 million.
The US SEC is nearing the finish line in approving ETF share classes for mutual funds.
Trending news
MoreCrypto prices
More
