10x leveraged long on SPX worth approximately $8.5 million; a newly created wallet deposited 1.7 million USDC into HyperLiquid

Odaily reports that, according to Onchain Lens monitoring, an address created a new wallet and deposited 1.7 million USDC into HyperLiquid, then opened a long position of 49,687 SPX with 10x leverage, valued at approximately $8.5 million. The position is still increasing.