According to Lookonchain, wallet 0x3024 deposited 5 million USDC to Hyperliquid, source: Lookonchain on X. The address then opened a 2x long on 800 million PUMP with an estimated position value of 5.22 million USD, source: Lookonchain on X and Hypurrscan address 0x302446778A0d8512ad4B02655583C2B3c4cc423A. The activity was reported on Oct 1, 2025, source: Lookonchain on X.