According to OnchainLens data from January 29, a newly created wallet address deposited a significant 2 million USDC into the decentralized exchange platform HyperLiquid.
Beyond just depositing funds, the wallet also opened large short positions on multiple tokens, drawing attention from the crypto community:
- SOL, ETH: Shorting with 20x leverage
- HYPE, SUI: Shorting with 10x leverage
- TAO: Shorting with 5x leverage
This move suggests the trader is bearish on near-term market movements, particularly skeptical of the price outlook for these altcoins.