Lookonchain
A newly created Hyperliquid wallet (0xbcda) has taken a 6x leveraged long position on 768,058 TON, valued at approximately $1.31 million. The liquidation price sits at $1.4213, leaving a relatively thin margin before the position is wiped out.
The move draws attention given the wallet was created specifically for this trade — a pattern sometimes associated with high-conviction directional bets. Whether it reflects genuine bullish conviction on TON or a short-term tactical play remains to be seen, but the size is notable for a fresh address.
CryptoSlate
Glassnode
Benjamin Cowen
Crypto News