PANews reported on March 26th that, according to Onchain Lens monitoring, a whale that has made over $16.39 million in profits on Hyperliquid has just made a move, opening a long position in LIT.

This wallet is likely linked to NervousDegen, and the opening position is as follows:

• A long position of 100 BTC (40x leverage) is worth $7.09 million.
• 1 million LIT long positions (5x), worth $982,000.

It still holds 75,160 HYPE tokens in the spot market and pledged, valued at US$3.01 million.