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One platform for global traditional assets
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The new wallet first sold 75 ETH, then opened a 5x long position on $APE on Hyperliquid, with a nominal value of about 1.03 million USD. This move is straightforward; short-term funds are still chasing more volatile altcoins; for $ETH , it’s a outflow of spot holdings, and for $APE , it’s a continued increase in popularity.