A newly created wallet on Hyperliquid has recently made aggressive moves — depositing 5 million USDC and then opening 28.2 million USD in long positions on the market. LINK was leveraged at 5x, while DOGE was pushed to 10x leverage. This position is currently showing a floating loss of 600,000 USD. Such an aggressive leverage configuration strategy carries considerable risk in volatile market conditions. Based on the wallet's operational pace, it's clearly betting on the continuation of this market cycle.
A newly created wallet on Hyperliquid has recently made aggressive moves — depositing 5 million USDC and then opening 28.2 million USD in long positions on the market. LINK was leveraged at 5x, while DOGE was pushed to 10x leverage. This position is currently showing a floating loss of 600,000 USD. Such an aggressive leverage configuration strategy carries considerable risk in volatile market conditions. Based on the wallet's operational pace, it's clearly betting on the continuation of this market cycle.