Three addresses established a $1.69 million long position in TST, representing 42.3% of Hyperliquid's total holdings.

According to Odaily Planet Daily, monitoring by on-chain analyst Ai Yi, three addresses suspected to belong to the same entity or individual (0x3D0...20d0, 0xA58...244E, 0x48c...bc9d0) deposited 2.47 million USDC as margin into Hyperliquid in the past 24 hours, opening a total of $1.69 million in long TST positions. This position accounts for 42.3% of Hyperliquid's total TST holdings, ranking among the top three long positions.

All of the aforementioned addresses showed instances of transferring BTCB from Gate, depositing it into Aster, and then withdrawing USDT. Furthermore, all margin withdrawals were made from Gate or OKX within the past 24 hours. Currently, the only position these addresses hold on Hyperliquid is a long position in TST. One address (0x48c...bc9d0) previously went long on TST in early December and profited $31,000.