Since the market closed on Friday, a wallet has built a 94.7K CBRS ($17.4M) long position on Hyperliquid, pushing the price up nearly 11% at its peak over the weekend.
The wallet stopped adding to its Cerebras long 4 hours ago, after which CBRS immediately dropped 3% on Hyperliquid. During the same period, the wallet reduced its MU, INTC and DRAM longs by a combined dollar amount roughly matching the size of its new CBRS long. The wallet now holds almost $50M in longs across these four stocks on Hyperliquid, with the…