An entity is suspected of long in TST on Hyperliquid, with the position accounting for 42.3% of the total trading value.

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On December 24th, according to on-chain analyst Ai Yi (@ai_9684xtpa), three addresses deposited 2.47 million USDC as margin into Hyperliquid in the past 24 hours, opening a total of $1.69 million in long TST positions, accounting for 42.3% of Hyperliquid's total TST OI, and taking the top three long positions.

These three addresses may belong to the same person/entity:

1. Both involved the practice of "transferring BTCB from Gate, depositing it into Aster, and then withdrawing USDT";

2. All margin deposits are withdrawn from Gate or OKX within the last 24 hours and directly credited to Hyperliquid after withdrawal;

3. The TST long position is Hyperliquid's only current position.

The address 0x48c…bc9d0 had long in TST in early December and made a profit of $31,000.

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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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