A new wallet deposited 3 million USDC and has been frequently rebalancing its portfolio, currently holding 36,100 ETH in long positions.

CoinFeed reported on June 11 that, according to Onchain Lens monitoring, a newly created wallet deposited 3 million USDC into Hyperliquid and has been frequently rebalancing its position. It currently holds a 20x long position of 36,097 ETH, worth $58.49 million. Previously, this whale profited $1.7 million from two trades (first long, then short).