A newly created wallet withdrew 8 million USDC from an exchange and then shorted TON

According to MLM monitoring, a newly created wallet withdrew 8 million USDC from an exchange and deposited it into Hyperliquid, subsequently shorting TON. Currently, its position holds 1.54 million TON, worth approximately 3.8 million US dollars, and it has also placed additional short orders, planning to short another 7 million TON (approximately 18.2 million US dollars).