2 million USD worth of USDC tokens withdrawn from Coinbase were transferred to the HyperLiquid platform to open a 5x leveraged long position for HYPE tokens.
A notable development occurred in the cryptocurrency market. According to Spot On Chain's report, an unidentified new wallet withdrew 2 million USDC from the Coinbase exchange and transferred these funds to the HyperLiquid platform. After the transaction, this wallet opened a long position with 5x leverage at a level of 20.03 dollars for the HYPE token.
Leveraged trading is known as a strategy commonly used in the cryptocurrency market but carries high risks. In such trades, investors can open positions significantly above their available capital. In this case, a position opened with 2 million USDC at 5x leverage corresponds to approximately 10 million dollars in investment power.
The HyperLiquid platform is known as one of the decentralized exchanges used for crypto derivative trading, and this large transfer to the platform and the opening of a long position can be interpreted as a sign of positive expectations for the HYPE token.
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Mysterious Wallet Opens 5x Long on Popular Altcoin with 2 Million Dollars! - Coin Bulletin
2 million USD worth of USDC tokens withdrawn from Coinbase were transferred to the HyperLiquid platform to open a 5x leveraged long position for HYPE tokens.
A notable development occurred in the cryptocurrency market. According to Spot On Chain's report, an unidentified new wallet withdrew 2 million USDC from the Coinbase exchange and transferred these funds to the HyperLiquid platform. After the transaction, this wallet opened a long position with 5x leverage at a level of 20.03 dollars for the HYPE token.
Leveraged trading is known as a strategy commonly used in the cryptocurrency market but carries high risks. In such trades, investors can open positions significantly above their available capital. In this case, a position opened with 2 million USDC at 5x leverage corresponds to approximately 10 million dollars in investment power.
The HyperLiquid platform is known as one of the decentralized exchanges used for crypto derivative trading, and this large transfer to the platform and the opening of a long position can be interpreted as a sign of positive expectations for the HYPE token.