An entity is suspected of long in TST on Hyperliquid, with the position accounting for 42.3% of the total trading value.
TL;DR
Three addresses deposited 2.47M USDC into Hyperliquid, opening $1.69M long TST positions, accounting for 42.3% of total TST OI. They may belong to the same entity, with similar funding patterns from Gate/OKX.
Tags
On December 24th, according to on-chain analyst Ai Yi (@ai_9684xtpa), three addresses 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, accounting for 42.3% of Hyperliquid's total TST OI, and taking the top three long positions.
These three addresses may belong to the same person/entity:
1. Both involved the practice of "transferring BTCB from Gate, depositing it into Aster, and then withdrawing USDT";
2. All margin deposits are withdrawn from Gate or OKX within the last 24 hours and directly credited to Hyperliquid after withdrawal;
3. The TST long position is Hyperliquid's only current position.
The address 0x48c…bc9d0 had long in TST in early December and made a profit of $31,000.