A newly created wallet deposited 4 million USDC into Hyperliquid and immediately opened a 5x leveraged long position on 3,000 XMR (Monero), valued at approximately $1.77 million. The move represents one of the largest single-wallet leveraged exposure bets on the privacy-focused cryptocurrency since it began trading on the perpetuals exchange. The remaining $2.23 million in USDC sits as collateral margin for the position. On-chain trackers flagged the activity due to the wallet's fresh creation date and the sizable entry, drawing attention from traders monitoring whale positioning ahead of potential volatility in XMR markets.