A certain entity is suspected of going long on TST on Hyperliquid, with the position accounting for 42.3% of the total.

On December 24, according to on-chain analyst Ai Yi (@ai_9684xtpa), three addresses deposited a total of 2.47 million USDC as collateral into Hyperliquid over the past 24 hours, opening a total of $1.69 million in TST long positions, accounting for 42.3% of Hyperliquid’s TST total open interest (OI). These three addresses, or entities they belong to, hold the TOP3 long positions and exhibit the following behaviors: 1. All have transferred BTCB from Gate, deposited it into Aster, and then withdrew USDT; 2. The collateral was all withdrawn from Gate or CEX within the last 24 hours and directly deposited into Hyperliquid afterward; 3. TST long positions are currently Hyperliquid’s only open positions. Notably, address 0x48c…bc9d0 previously went long on TST in early December and made a profit of $31,000.