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COINOTAG News reported on October 15, citing OnchainLens monitoring, that a newly created wallet withdrew $10 million USDC from Coinbase, deposited $9 million into HyperLiquid, opened a 3x leveraged Ethereum long, and placed a $3 million TWAP buy order to acquire XPL in the spot market.
The capital movement into HyperLiquid alongside a leveraged position indicates use of margin facilities to scale directional exposure, while the large TWAP instruction points to an execution strategy designed to reduce market impact rather than a single-sweep purchase.
OnchainLens on-chain telemetry provides verifiable transaction records that market participants can use to assess liquidity shifts and order-flow risk; the figures above reflect observed on-chain activity and avoid speculative inference about trader intent.
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