The wallet now holds roughly 20 BTC worth about $1.26 million and around 7,600 SMSN worth about $1.2 million, PANews reported, citing Onchain Lens.
A single address moved $17 million into Hyperliquid and used part of the funds to open long positions in Bitcoin and SMSN, a Samsung-related contract. The position currently includes about 20 BTC long with a notional value of about $1.26 million and about 7,600 SMSN long with a notional value of about $1.2 million. The activity points to a sizable directional bet on Hyperliquid, a decentralized derivatives platform, where traders can post collateral and take leveraged exposure through onchain perpetual-style contracts.