Separate newly identified wallets built large leveraged longs on HyperLiquid, including a 20x XRP position after selling 52.67 BTC and a 2x LIT position funded with 2.67 million USDC.
Monitoring cited by PANews and Onchain Lens showed two newly identified wallets placing large leveraged directional bets on HyperLiquid. One wallet, labeled 0x243, deposited 52.67 BTC worth $3.26 million, sold the Bitcoin, and opened a 14.189 million XRP long position valued at $16.3 million with 20x leverage; floating profit reached about $477,000. Another newly created wallet, 0x016, deposited 2.67 million USDC and opened a 1.62 million LIT long using 2x leverage, with more than $330,000 in unrealized profit. The trades highlight sizable capital rotation into leveraged altcoin exposure, with leverage increasing both upside potential and liquidation risk.