New Wallet Withdraws $10M USDC From Coinbase, Opens 3x Leveraged Ethereum Long on HyperLiquid and Executes $3M TWAP XPL Buy

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.