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According to LookIntoChain monitoring, a newly created wallet seeded 7 million USDC into Hyperliquid, then established a short position on BTC and XRP using 20x leverage.
On-chain data show the positions comprise 1,129 BTC (approximately $116 million) and 8,888,888 XRP (approximately $20.35 million), reflecting a substantial exposure to major crypto assets.
Analysts view the pattern as high-risk trading activity; the account is associated with users of Roobet and Stake, underscoring a speculative tilt in leveraged crypto markets.
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