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Major Whale Investment in $MELANIA Causes Significant Price Surge

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by Giorgi Kostiuk

5 hours ago


A recent major investor's fund in $MELANIA has resulted in a significant market price surge on the Hyperliquid platform.

The Whale and Hyperliquid Platform

According to BlockBeats News, a crypto whale reopened a $MELANIA 5x long position following a deposit of 500,000 USDC on the Hyperliquid platform. The entry price was $0.7162 with a liquidation price set to $0.637.

$MELANIA Market Impact

The deposit coincided with a 5% short-term price increase in $MELANIA. The financial implications include the whale's holdings valuating at 2.58 million USD, highlighting Hyperliquid's attractiveness for large traders and affirming its significant market role.

The listing of the MELANIA token has significantly boosted trading volumes on Hyperliquid.Market Analysts, Capital.com

Hyperliquid's Role in Crypto Trades

Historically, whale actions have influenced market trends, as seen with previous large BTC shorts on Hyperliquid. Such whale activity often shows temporary impacts on price movement, providing short-term profit opportunities.

The crypto whale's activity on the Hyperliquid platform underscores its role as a significant market player, offering conditions for substantial trades and influencing market trends.

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