New Hyperliquid Address Buys 500 BTC in Under 4 Minutes

On September 9, TradingBeats monitored a new Hyperliquid address created less than one day ago that bought 500 BTC in under four minutes on its first trade, with total transactions of about $39.36 million. According to BlockBeats On-chain Detection, the address beginning with 0xcfe2 first received about 1.9998 million USDC at 12:08 yesterday and then received another 9.9 million USDC at 02:03 today, with both transfers coming from the same address beginning with 0x6b9e. At 9 a.m. today, the address completed 10 consecutive purchases of 50 BTC each, expanding its BTC position to 500 BTC in about 3 minutes and 39 seconds. The position is currently worth about $39.369 million, with an average price of about $78,639.3 and unrealized gains of about $49,300. It is using 20x isolated leverage, with a liquidation price of about $55,570.7.