According to on-chain analytics platform Lookonchain (@lookonchain), the whale address 0x519c, after a month of inactivity, deposited 8.8 million USDC into Hyperliquid and opened a 10x leveraged short position on 175,082 $HYPE (worth approximately $7.62 million), and is still adding to the position.
Whale deposits 8.8M USDC and opens a 10x short position on HYPE on Hyperliquid
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Summary
A whale address (0x519c) deposited 8.8 million USDC on Hyperliquid and opened a 10x short on 175,082 HYPE tokens, valued at approximately $7.62 million, according to on-chain data from Lookonchain. The address had been inactive for the previous month. This trade signals new activity in the HYPE market.
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