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...…