Galaxy Digital Wallet Moves $125M into Hyperliquid
Galaxy Digital-linked wallet deposits $125M USDC into Hyperliquid and takes mixed positions in major and meme tokens.
- Wallet linked to Galaxy Digital deposits $125M USDC
- Buys spot ETH, BTC, HYPE, PUMP, and FARTCOIN
- Shorts BTC, ETH, DOGE, PUMP, FARTCOIN, and S for hedging
Galaxy Digital Wallet Deploys $125M into Hyperliquid
A wallet address identified as 0xcaC1, which is linked to Galaxy Digital, has made a major crypto move by depositing $125 million USDC into the Hyperliquid platform over the past two days, according to on-chain data.
This is one of the largest single-wallet deposits seen recently on Hyperliquid, a rising decentralized exchange offering perpetual futures and advanced trading capabilities. The substantial capital injection points to Galaxy Digital’s growing interest in decentralized finance (DeFi) infrastructure and tactical trading.
But the deposit was just the beginning — what followed next caught the market’s attention.
Aggressive Spot Buys and Strategic Shorts
After funding the Hyperliquid wallet, Galaxy Digital’s address began aggressively accumulating spot positions in several tokens, including blue chips and trending assets:
However, the strategy wasn’t purely bullish. In a notable hedging play, the wallet also opened short positions on:
- BTC
- ETH
- DOGE
- PUMP
- FARTCOIN
This mix of long spot holdings and short perpetuals suggests a sophisticated market-neutral or delta-neutral strategy — aiming to profit from volatility or arbitrage rather than directional moves. It’s a clear sign that Galaxy Digital is actively experimenting with complex DeFi strategies, likely to enhance yield while managing risk.
What This Signals for DeFi and Market Sentiment
Galaxy Digital’s deployment of capital on Hyperliquid highlights a growing trend of institutional experimentation with DeFi platforms. While centralized exchanges still dominate volume, platforms like Hyperliquid are gaining traction among professional trading desks due to their permissionless nature and deeper on-chain transparency.
By taking exposure to both major assets like ETH and BTC as well as meme tokens like FARTCOIN and PUMP, Galaxy appears to be embracing a wide risk spectrum — while using short positions to cushion against downside volatility.
Whether this is a short-term arbitrage play or part of a broader DeFi thesis, one thing is clear: institutions are getting bolder in DeFi. And wallets like 0xcaC1 are ones to watch.
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