According to the latest on-chain monitoring data, on February 5, a well-known whale address conducted a significant transaction on a decentralized exchange by depositing 7 million USDC into their account.
This whale didn't just move funds—it opened multiple leveraged positions, including a 10x long on HYPE, a 20x long on BTC, and a 3x long on LIT. At the same time, the whale also initiated a 3x short on XPL.
This mixed strategy of long and short positions suggests the whale has a strong grasp of short-term market fluctuations and is attempting to amplify returns through leverage.
The move has already drawn significant market attention, with investors closely watching for further developments.