Summary
- It was reported that an address linked to Galaxy Digital deposited 125 million USDC into HyperLiquid.
- It was stated that, after the deposit, the wallet bought major assets such as Bitcoin (BTC), Ethereum (ETH), and HyperLiquid (HYPE).
- It was also confirmed that a hedging strategy through short positions was used simultaneously.
An address associated with Galaxy Digital has reportedly deposited over 100 million dollars into the decentralized futures exchange HyperLiquid (HYPE).
According to Lookonchain on the 14th (local time), the Galaxy Digital-related address '0xcaC1' deposited 125 million USDC into HyperLiquid over the past two days.
This wallet subsequently purchased Bitcoin (BTC), Ethereum (ETH), HyperLiquid (HYPE), Pump.fun (PUMP), and PartCoin (FARTCOIN) on the spot market. At the same time, it also established a hedging strategy by taking short positions on Bitcoin, Ethereum, Dogecoin (DOGE), Pump.fun, PartCoin, and Sonic (S).
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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