According to @OnchainLens, a whale deposited $3M USDC into HyperLiquid and opened an XPL short position with 1x leverage, highlighting a large account taking the short side on XPL. Source: @OnchainLens. The source did not disclose the exact short notional or entry price, only that the leverage is 1x. Source: @OnchainLens.

According to @OnchainLens, three wallets, likely controlled by a single entity, deposited $7.49M USDC into Hyperliquid, indicating fresh capital allocated to the venue, Source: @OnchainLens on X, Aug 29, 2025. According to @OnchainLens, the entity opened a long position in XPL with 1x leverage on Hyperliquid, Source: @OnchainLens on X, Aug 29, 2025. According to @OnchainLens, there is an open order to increase the XPL position over a 21-23 hour window, defining the execution timeframe for additional size, Source: @OnchainLens on X, Aug 29, 2025. According to @OnchainLens, key trading datapoints for tracking are the $7.49M deposit size, 1x leverage, and the stated 21-23 hour scale-up window on Hyperliquid, Source: @OnchainLens on X, Aug 29, 2025.