A newly created wallet opened a large leveraged bet on XMR after depositing $3.56 million USDC into Hyperliquid (decentralized derivatives exchange), according to Lookonchain. The address used 4x leverage (borrowing to amplify exposure) to go long 36,000 XMR, creating a position worth $14.33 million. It later placed take-profit orders between $475 and $516, signaling planned exits if the token rises into that range.