On August 31, a major whale deposited 5.96 million USDC to establish long positions in SOL, using a 20x leverage. The investment was also extended to HYPE with a 10x leverage. This strategic move reflects bullish sentiment in the crypto market.
The transaction showcased by Onchain Lens underscores the whale’s confidence in both SOL and HYPE. Such large investments can influence market trends and investor sentiment, particularly in the volatile environment of cryptocurrency.
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