Whale put $1.56M USDC for Hyperliquid, open 1x WLFI Long
For August 24, Onchain Lens talk say one big whale drop 1.56 million USDC inside Hyperliquid. After dat, the whale con open 1x leverage long for WLFI. Dis na the trader first move on-chain for eight months. The big USDC transfer to Hyperliquid show say e get new bullish interest. Traders suppose dey watch WLFI open interest and price waka come and go. The 1x leverage wey moderate mean say dem dey play safe. If more whale waka come, e fit make WLFI market shift small small.
Bullish
Di whale wey don come back market after eight months, wey put 1.56M USDC for Hyperliquid and carry 1x long position for WLFI, mean say bigger holders dey get more confidence. Normally whales dey lead better price jumps when dem dey put serious money for one kain tokens. For example, one big USDC transfer go decentralized platform bin happen before momentum rise for different mid-cap tokens. Even though the position dey use 1x moderate leverage, e show say dem believe WLFI fit go up without risking too much. For short term, this fit make trading volume increase and prices go rise as other traders follow the whale. For long term, as whale continue to dey active and open interest grow, e fit support bigger WLFI rally and better liquidity. But traders suppose dey monitor leverage level and on-chain metrics for any sudden moves, because if whales waka quick, e fit cause sharp price changes.