Three addresses established a $1.69 million long position in TST, representing 42.3% of Hyperliquid's total holdings.
TL;DR
Three linked addresses deposited $2.47M USDC on Hyperliquid, opening a $1.69M long position in TST, which is 42.3% of the platform's total holdings. All funds were sourced from Gate or OKX, and one address previously profited from TST in December.
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According to Odaily Odaily, monitoring by on-chain analyst Ai Yi, three addresses suspected to belong to the same entity or individual (0x3D0...20d0, 0xA58...244E, 0x48c...bc9d0) deposited 2.47 million USDC as margin into Hyperliquid in the past 24 hours, opening a total of $1.69 million in long TST positions. This position accounts for 42.3% of Hyperliquid's total TST holdings, ranking among the top three long positions.
All of the aforementioned addresses showed instances of transferring BTCB from Gate, depositing it into Aster, and then withdrawing USDT. Furthermore, all margin withdrawals were made from Gate or OKX within the past 24 hours. Currently, the only position these addresses hold on Hyperliquid is a long position in TST. One address (0x48c...bc9d0) previously long on TST in early December and profited $31,000.