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Galaxy Digital affiliates deposited 125 million USDC into Hyperliquid in the past 2 days, bought spot and shorted to hedge

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2025-08-14 00:24:14
According to Lookonchain, a Galaxy Digital associated wallet address (0xcaC1) deposited 125 million USDC into Hyperliquid in the past two days. They then bought ETH, HYPE, BTC, PUMP, and FARTCOIN spot while shorting BTC, ETH, DOGE, PUMP, FARTCOIN, and S to hedge.
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