New wallet deposits 5 million U into HyperLiquid, going long on LINK and DOGE with double leverage

TokenomicsTrapper · 2026-01-06T00:40:12+00:00

After transferring $5 million USDC to the new wallet, opened long positions on LINK and DOGE with 5x and 10x leverage respectively, with a total position of $28.2 million. Despite active trading, there is currently a loss of about $600,000, and future trends will depend on the performance of LINK and DOGE.

TokenomicsTrapper

2026-01-06 00:40:12

Abstract generation in progress

【Crypto World】A new wallet recently made a big move—transferring $5 million USDC directly to HyperLiquid. After the transfer, it didn’t sit idle; it opened two long positions: LINK with 5x leverage and DOGE with 10x leverage.

With this set of operations, the total position size of the wallet reached $28.2 million, indicating a pretty big appetite. However, the market doesn’t seem to be on the same page—currently, it’s showing a paper loss of about $600,000.

From on-chain data, this is likely an experienced trader or large capital testing the waters. Although there are significant unrealized losses, it all depends on how LINK and DOGE perform next. After all, leverage involves large fluctuations, and the risks come along with it.

DOGE6.78%

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