Trader Deposits $7M USDC to Hyperliquid, Opens 20x Short Positions on BTC and XRP

A trader deposited 7 million USDC to Hyperliquid via a newly created wallet and opened short positions on Bitcoin and XRP with 20x leverage, Lookonchain reports. The positions total 1,129 BTC (approximately $116 million) and 8,888,888 XRP (approximately $20.35 million). The trader also uses Roobet and Stake platforms.