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New wallet invests $28.2 million in leverage LINK and DOGE, currently with a floating loss of $600,000
【Blockchain Rhythm】Interesting trading signals worth paying attention to. Recently, a major on-chain move occurred— a newly created wallet transferred 5 million USDC into HyperLiquid in one go, then initiated aggressive actions: 5x leverage long on LINK and 10x leverage long on DOGE. The total exposure of this operation reached $28.2 million, definitely whale-level.
From the current performance, it’s not ideal. The position has already floating loss of about $600,000. While this is not a large proportion on the $28.2 million base, it’s still worth noting for a new wallet. What is the strategic logic behind this transaction? Is it optimistic about the short-term market prospects of these two assets, or is it positioning for a specific cycle? Every move by whales may reflect certain market signals, and on-chain players should keep a close watch.