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Someone is betting on Micron Technology (MU).
A newly created wallet deposited $1.5 million into Hyperliquid, then opened a 5x leverage long position of 6,290 MU shares, worth $3.75 million.
Honestly, this kind of operation is quite interesting. A new wallet using 5x leverage to go long on US stocks indicates an experienced trader behind it.
Even more interesting is that they chose Micron Technology. MU is a memory chip manufacturer, and recently, due to a surge in AI demand, its stock price has risen significantly.
Some say this is a bullish bet on the AI chip industry, while others say it’s insider information.
But regardless, a new wallet opening a $3.75 million 5x leveraged long position shows remarkable courage.
Would you dare to go long on US stocks?