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Major Whale Executes Complex Trading Strategy on Hyperliquid with USDC and HYPE Tokens
Gate News bot message, a significant trading activity was observed on Hyperliquid platform. A whale trader deposited 4 million USDC into Hyperliquid and initiated a short position on HYPE token with 3x leverage. Simultaneously, the trader established a Time-Weighted Average Price (TWAP) order to purchase HYPE tokens worth $2.5 million in the spot market. The trading activity took place after a month-long period.