This wallet withdrew 1,284 ETH from FixedFloat (an instant, sketchy, swap exchange) weeks ago, sent it to Lighter, and sold it for roughly $4.07M USDC. About 25 minutes ago, it withdrew the USDC from Lighter, bridged it to HyperEVM, and deposited it into Hyperliquid. It then opened a long of 89K LIT ($314K) via four market buys, pushing the price up ~2%. Four minutes later, it market-closed the entire position, wicking price down 7% to 3.41 in one second, before re-entering seconds later. The wallet is currently aggressively longing via market buys and is now long ~207K LIT ($773K), still adding to the position. He could be trying to force a squeeze, idk, but the behavior looks extremely aggressive. hypurrscan.io/address/0xf39473...…

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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