A newly created wallet (0x93c5) has caught the attention of on-chain watchers after it deposited a massive $2.5 million in USDC into the decentralized exchange Hyperliquid and immediately opened max leverage long positions on Bitcoin (BTC), PUMP, and FARTCOIN.
This high-stakes move comes with enormous risk, especially on an advanced trading platform like Hyperliquid, where traders can take positions with significant leverage in a highly volatile environment. The trades have triggered speculation across the crypto community, with many questioning the motives — and identity — behind the wallet.
Max Leverage on Volatile Assets
Max leverage trading is a high-risk, high-reward strategy typically used by experienced traders or institutional players looking to amplify gains. But applying this approach across three very different tokens — BTC, the memecoin FARTCOIN, and the hype-fueled PUMP — makes the move even more daring.
- •BTC remains the most stable of the three, with institutional demand backing its long-term strength.
- •PUMP and FARTCOIN are known for extreme price swings, often driven by social sentiment rather than fundamentals.
Given this mix, the wallet owner seems to be betting on a short-term market breakout, possibly tied to upcoming events or insider signals. Still, such aggressive positioning could result in a full liquidation if the market moves even slightly against them.
Someone just created a new wallet (0x93c5), deposited 2.5M $USDC into Hyperliquid, and opened long positions on $BTC, $PUMP, and $FARTCOIN with max leverage.
— Lookonchain (@lookonchain) November 5, 2025
Does this guy know something? https://t.co/EfNDs5qJSI https://t.co/6mrc3OQYo6
Speculation and Reactions
The move has lit up crypto Twitter and Discord channels, with some users cheering the audacity and others warning of reckless trading behavior.
Hyperliquid, known for its decentralized perpetuals trading, has seen growing usage by high-volume traders. This new wallet’s massive bet could indicate a larger trend of degens and whales converging on Hyperliquid as a preferred playground for leveraged crypto bets.
Whether this gamble results in a fortune or a wipeout remains to be seen — but one thing is clear: on-chain activity never sleeps, and the whales are still making waves.