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The Whale at a 30% Loss Awaits a Rise in This Altcoin: It Opened a New Position! - Coin Newsletter
A cryptocurrency whale deposited $3.92 million in USDC to buy a large amount of HYPE on the Hyperliquid platform and open a leveraged position.
An anonymous whale, which has attracted attention with its large investments in the crypto market, has made an ambitious move on the Hyperliquid exchange by depositing the stablecoin USD Coin (USDC) in the last 17 hours. The whale bought HYPE on Hyperliquid for a total of approximately $3.92 million in USDC, and also opened a long position with 3x leverage, making its bullish prospect clear.
Looking at the total assets currently held by this whale, it is seen that it holds 241,876 HYPE (yaklaşık değerinde) of $3.53 million. However, due to current prices, these spot purchases currently have a ( 29.4) unrealized z**192837656574839201 million in these spot purchases. In addition, the whale has a long position of 320,333 units, which opened at an average of $14.46, supporting its expectation that the price of HYPE will rise.
Furthering its belief in the market, the whale created two pending orders between $14.05 and $14.15 to buy a total of 5,080 more HYPE. This clearly shows the giant investor's confidence in the rise in the HYPE price in the near term.