KOL @Cbb0fe Places $5 Million USDC Limit Buys on Hyperliquid

A newly created wallet actively engages in the market with a $10 million USDC withdrawal from Coinbase, opening a leveraged position on Ethereum and placing a large TWAP order for XPL.

ETH

USDC

HYPE

149d ago

Summary

A new wallet withdrew $10 million USDC from Coinbase, depositing $9 million into HyperLiquid to take a 3x leveraged long position on ETH. It also placed a $3 million TWAP order for XPL, showing active market engagement in both leveraged and spot trades.

Terms & Concepts

TWAP Order: A Time-Weighted Average Price (TWAP) order is a strategy used to buy or sell an asset at the average price over a specified time period, aiming to reduce market impact.
3x Leveraged Long Position: A leveraged long position uses borrowed funds to increase exposure to an asset, with a 3x leverage meaning the investor controls three times the amount of the asset compared to their initial investment.