$15M Bet on Crypto: Trader Buys Bitcoin, Solana, HYPE, and PUMP

Trader Deploys $15M on BTC, SOL, HYPE, and PUMP as Crypto Markets Dip – 22/9/2025

Bitcoin fell more than 2% Monday, dragging the broader cryptocurrency market lower and trimming its total market value to around $2.25 trillion, according to TradingView.

Amid the pullback, a trader placed bullish bets on major cryptocurrencies, liquidating $1.5 billion in leveraged positions. A wallet labeled “0x50dE6ef4D11B263DC2e4547602E963355E17dC81” deployed $15 million in USDC on Hyperliquid, taking positions in Bitcoin (BTC), Solana (SOL), Hyperliquid’s HYPE token, and PUMP, according to blockchain analytics firm Lookonchain.

The move illustrates how some market participants view the recent dip as a buying opportunity rather than a signal of a prolonged downturn.

The market’s weakness comes amid the U.S. dollar’s resilience after Wednesday’s dovish Fed rate cut, reinforcing bearish sentiment in options markets. Volatility is expected to rise with upcoming speeches from Fed officials, including Chairman Jerome Powell, and Friday’s release of the Personal Consumption Expenditures (PCE) inflation report.

Separately, the FTX bankruptcy recovery trust confirmed that a third round of payments totaling $1.6 billion will be distributed to four creditor groups on September 30 via BitGo, Payoneer, and Kraken.