According to data from blockchain analytics platform Lookonchain, on January 23, an investor created a new wallet and deposited 2.44 million USDC into HyperLiquid within just five hours, drawing market attention.
This move is far from a routine transfer. The user placed a limit order at $0.6 per ASTER token to take a long position on 5 million ASTER tokens. Based on current market valuations, the total value of this trade is approximately $3 million.
This action indicates the investor's bullish sentiment on ASTER's future price movement and suggests an attempt to leverage returns through high-leverage mechanisms. HyperLiquid, a platform known for supporting leveraged trading, has attracted a growing number of professional traders in recent years.