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New Wallet Deposits 630K USDC to HyperLiquid, Opens 2.9M XRP Short

Source: X Community

A newly created wallet deposited 630,000 USDC into HyperLiquid, a decentralized derivatives exchange, and opened a short position of 2.9 million XRP. This large bearish bet on XRP suggests a whale or institutional trader expects price declines, potentially impacting market sentiment.

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