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 account up $17M since mid-August, all from its $NEAR and $INJ trades.

https://hyperdash.com/track/0x30afce2f6842bf183c7e3fe7162e279ff0b6393e