A wallet associated with Galaxy Digital has deposited $125 million USDC into the Hyperliquid platform over the past two days. The wallet executed spot purchases of Ethereum (ETH), HYPE, Bitcoin (BTC), PUMP, and FARTCOIN. Simultaneously, it engaged in short positions for BTC, ETH, DOGE, PUMP, FARTCOIN, and S as part of a hedging strategy.