COINOTAG News, on December 29, citing LookIntoChain analytics, reported that whale address 0xA71d deposited 1.81 million USDC into HyperLiquid and opened a 3x leveraged long position on the LIT token, acquiring 500,000 LIT with a reported value of $1.83 million at execution. This on-chain activity highlights the use of stablecoins for liquidity deployment and the appetite for high-leverage exposure within DeFi protocols. Market participants will monitor subsequent activity and pricing dynamics for LIT and related platforms, as such flows can influence near-term liquidity and risk metrics in crypto markets.
Source: https://en.coinotag.com/breakingnews/whale-deposits-1-81m-usdc-into-hyperliquid-and-opens-a-3x-leveraged-long-on-500000-lit-worth-1-83m
