Fresh wallet dumps 75 ETH, pivots to $1M leveraged APE long on Hyperliquid

A newly created wallet (0x0b8a) sold 75 ETH — worth roughly $174,000 — on Hyperliquid before rotating the proceeds into a concentrated leveraged bet on ApeCoin.

The wallet opened a 5x long position on 9.19 million APE, valued at approximately $1.03 million notional. The move suggests the trader is willing to accept significant liquidation risk in exchange for amplified upside exposure to APE.

The fresh-wallet pattern is common among traders seeking a clean on-chain footprint, though it also makes attribution and intent harder to assess.

Original content

Lookonchain ✓ @lookonchain · 17d ago

A newly created wallet(0x0b8a) sold 75 $ETH($174K) on Hyperliquid and then opened a 5x long on 9.19M $APE($1.03M). https://t.co/ExqHNvbfxn https://t.co/7S2KqY768u

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