A new whale address has made significant moves in the crypto market, depositing approximately $5.5 million into Hyperliquid and opening long positions in BTC, SOL, AAVE, and JUP. The total position size of this address now stands at $12.03 million. Notably, the whale's $1.15 million investment in JUP coincides with news that a co-founder of Jupiter is considering halting JUP buybacks, indicating a potential long-term bullish outlook on the token. The whale's current holdings include a 3x BTC long position valued at $8.91 million, a 3x SOL long position at $1.26 million, a 3x JUP long position at $1.15 million, and a 3x AAVE long position at $720,000. The timing of these investments suggests strategic positioning in anticipation of market movements.
Whale Invests $1.15M in JUP Amid Potential Buyback Halt
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