
On-chain trackers report the whale also placed a 10x leveraged short on BNB after depositing 1.127M USDC, marking expanded multi-asset trading activity on Hyperliquid.
An on-chain tracker identified the same whale that previously deposited millions in USDC to Hyperliquid making a new 1.127 million USDC deposit on Feb. 1, 2025. This time, the whale initiated a 10x leveraged short position on BNB, expanding beyond earlier spot purchases of HYPE tokens and large Bitcoin acquisitions. The whale’s history includes depositing 6 million USDC for significant BTC and HYPE buys, as well as using 2 million USDC to defend a 20,000 ETH leveraged long position from liquidation. This latest move illustrates continued aggressive and diversified trading across multiple crypto assets.