An entity deposits 13.56 million USDC into HyperLiquid to go long on HYPE with 5x leverage

According to Jinse Finance, on-chain analyst Spot On Chain has monitored that, within the past 8 hours, two wallets linked to the same entity deposited $13.56 million USDC into HyperLiquid and opened 5x leveraged long positions on HYPE. Currently, these wallets hold approximately 630,000 HYPE (worth about $25.4 million), with a profit of $132,000 so far. Their liquidation prices are $19.26 and $19.86, respectively. It is reported that these wallets previously incurred a loss of $5.72 million on HyperLiquid.