PANews reported on December 24th that, according to Lookonchain monitoring, a whale created three wallets and deposited 2.47 million USDC on the Hyperliquid platform, while simultaneously going long on 127.4 million TST (worth $2.2 million) with 1x to 2x leverage. This whale continues to increase its long TST position. Lookonchain analysis suggests that price manipulation is likely.