Whale Deposits 5 Million USDC to Short Sell Gold and Silver Aggressively

Recent on-chain data reveals that a well-known whale address '0xaCB' has made a significant move by depositing as much as 5 million USDC into the decentralized trading platform HyperLiquid.

Details of the Trade

This move not only involved further increasing the short position in GOLD with 4x leverage but also included opening a new short in SILVER with 3x leverage. The whale's current holdings are as follows:

• GOLD: 2,978.17 tokens, valued at approximately $15.21 million
• SILVER: 97,085.91 tokens, valued at approximately $8.22 million

These actions indicate the whale's clear bearish outlook on the future of precious metals and highlight their risk-seeking behavior in leveraged trading.