Onchain Lens reports two wallets transferred millions in USD Coin to HyperLiquid before initiating Ethereum and Cardano buy positions at targeted price ranges.
Two cryptocurrency wallets deposited $7.9 million in USD Coin (USDC) to the trading platform HyperLiquid and subsequently placed long orders for Ethereum (ETH) and Cardano (ADA), according to Onchain Lens. Wallet 0x8Fc set ETH buy orders between $3,267.2 and $3,275.7 and ADA orders between $0.3851 and $0.3888. Wallet 0xCe8 set ETH buy orders between $3,267.3 and $3,273.5. These transactions suggest a significant bet on price appreciation for both cryptocurrencies.