Deposit 701,000 USDC into a new wallet and go long on PEPE and WIF with 10x leverage

According to Lookonchain monitoring, someone just created a new wallet and deposited 701,000 USDC into Hyperliquid, then opened a long position in PEPE and WIF with 10x leverage. The specific positions include: 258 million kPEPE (worth $2.5 million) and 2.47 million WIF (worth $2 million).