A large wallet holder on the Hyperliquid platform has opened significant leveraged positions across multiple tokens, including Bitcoin, Ethereum, PEPE, and HYPE. The total value of the positions is $120.8 million, with unrealized profits of $1.17 million. The same address also holds over 501,000 HYPE tokens, currently worth around $23.35 million. The price of HYPE has recently pulled back but is still following a steady upward trend. The RSI and SAR indicators suggest ongoing market strength, with daily trading volume on Hyperliquid rising by over 63% to reach $1.46 billion. The platform has also added new access points, with Phantom wallet now supporting direct perpetual trading for users in the EU. Hyperliquid has processed $648 billion in trades in the last quarter alone and holds over 60% of the perpetual DEX market.
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