Trader Bets Big on Silver with $5 Million Deposit on Hyperliquid

A user identified as pfm.eth has deposited $5 million worth of USDC into the Hyperliquid trading platform. The funds are earmarked for a bullish position on silver.

According to on-chain data monitoring service lookonchain, pfm.eth has already established a long position of 17,305 shares of silver, currently valued at $1.49 million. Additionally, the trader holds approximately $1.66 million in pending limit buy orders for silver.

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