A major trader just moved 1.09 million USDC into HyperLiquid to establish a short position on XYZ100 using 20x leverage, according to on-chain monitoring data tracked by Onchain Lens. This significant capital allocation was reported by PANews on December 22.

Notably, this isn't the whale's only active bet. The same address maintains short positions on BTC while simultaneously running a long position in Fartcoin, suggesting a mixed market outlook. The multi-asset positioning reveals a sophisticated hedging or speculative strategy across different market conditions—betting against Bitcoin and XYZ100 while bullish on the emerging Fartcoin.

The 1.09 million USDC deployment at maximum leverage highlights the risk appetite among large traders, even as market volatility persists. Such whale moves typically signal conviction about near-term directional movements and often attract attention from smaller traders looking to follow major positions.