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TechFlow, August 14 — According to on-chain analytics platform Lookonchain (@lookonchain), a wallet address (0xcaC1) linked to Galaxy Digital deposited $125 million in USDC into the Hyperliquid platform over the past two days. The wallet subsequently purchased ETH, HYPE, BTC, PUMP, and FARTCOIN in the spot market, while simultaneously shorting BTC, ETH, DOGE, PUMP, FARTCOIN, and S tokens in the futures market for risk hedging.
According to on-chain analytics platform Lookonchain (@lookonchain), a wallet address linked to Galaxy Digital (0xcaC1) deposited $125 million in USDC to the Hyperliquid platform over the past two days. The wallet subsequently purchased ETH, HYPE, BTC, PUMP, and FARTCOIN in the spot market, while shorting BTC, ETH, DOGE, PUMP, FARTCOIN, and S tokens in the futures market for risk hedging.
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