Recently, a new wallet has initiated a large-scale operation on Hyperliquid—investing 5 million USDC and immediately establishing a $28.2 million long position in the market. The LINK position used 5x leverage, while DOGE was leveraged at 10x. Currently, this position is floating at a loss of $600,000. Such aggressive leverage strategies carry significant risks in highly volatile markets. Judging by the wallet's trading rhythm, it is clearly betting on the continuation of this round of market trend.