A new wallet opened 2 days ago, deposited $1.749 million, and hasn’t made any withdrawals. There’s only $945,000 left in the account.

The first position was $55,000, and then it kept growing until it reached $1.018 million.

Current account figures: total positions of $1.018 million, account equity of $945,000, CASHCAT on 2x isolated margin, and 1.1x leverage across the account.
CASHCAT is down $151,000 unrealized, with an average price of 0.1195, a current price of 0.1041, and a liquidation price of 0.03012—71% below the current price.
Since depositing, the account is down $804,000: $151,000 in unrealized losses on CASHCAT, plus another $653,000 in realized losses (including fees and funding).

A 2-day-old account, a large one-time deposit, trading just one coin, and only $43 left available to withdraw—taken together, this doesn’t look like an ordinary trader.
I don’t know what he knows, but he clearly believes he knows something.

There are also 3 on-chain addresses going long on CASHCAT in the same direction, with a combined position of $714,000 and unrealized losses of $111,000 overall.

I’ll follow this one to the end: whether he closes, gets liquidated, or turns profitable, I’ll post updates below.

Do you think he’s in the know, or just stubbornly bullish?

$CASHCAT
#Hyperliquid #NewWalletBigPosition