A whale deposited $10 million USDC into Hyperliquid to increase CXMT short position

TechFlow reports, July 26, according to Onchain Lens monitoring, a whale deposited $10 million USDC into Hyperliquid and increased CXMT short positions via TWAP orders.

The wallet completed the deposit in two transactions, $8 million USDC and $2 million USDC respectively. Currently, the address holds 2.128 million CXMT short positions, valued at approximately $13.1 million, with unrealized profit of approximately $618,000. The address's historical cumulative PnL is +$792,800.

Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244