Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Whale massive entry: $8 million USDC suddenly appears in Hyperliquid, a $13.76 million cross-asset gamble
【Crypto World】On-chain data shows that an address (0xEa6…061EE) deposited 8 million USDC into Hyperliquid within 5 hours as trading margin. Subsequently, the funds were quickly allocated, and the address opened long positions on multiple assets including IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE. Each individual position fluctuates between $600,000 and $2 million, with the total exposure reaching $13.76 million.
Interestingly, these positions are currently showing a floating loss of $12,000. Although the loss is not large, it indicates that the trader did not perfectly time the market when deploying these positions. From the composition of the positions, emerging tokens constitute a significant portion, indicating a relatively high risk tolerance. Usually, such large sudden entries are either optimistic about a specific short-term opportunity or part of a long-term strategic allocation. Regardless, these whale movements often have a noticeable impact on the liquidity and prices of small-cap tokens.