PANews reported on September 5 that according to Lookonchain monitoring, someone had just created a new wallet and recharged 701,000 USDC to Hyperliquid, and then opened a long position in PEPE and WIF with 10x leverage.

Specific positions include:

• 258 million kPEPE (worth $2.5 million)
• 2.47 million WIF (worth $2 million)