ChainCatcher report, according to Lookonchain monitoring, an address created a new wallet 11 hours ago and deposited 2 million USDC into Hyperliquid to open a 2x leveraged long position on NVDA. The address currently holds a long position of 21,687 xyz:NVDA, valued at approximately $3.97 million.
New wallet deposits 2M USDC and takes a 2x long position on NVDA
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Summary
A new wallet opened 11 hours ago and deposited 2 million USDC into Hyperliquid to open a 2x long position on NVDA. The address holds 21,687 xyz:NVDA long positions, valued at approximately $3.97 million. This move aligns with position trading strategies, as the trader secures exposure for potential long-term investment gains.
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