Open interest in perpetual futures markets and onchain trading patterns suggest some traders may have positioned ahead of Robinhood crypto listing announcements, according to a Monday report from analytics provider Kaiko.
One of the clearest examples was wallet address ‘0xa1E,’ which Kaiko said opened a long position on Lighter (LIT) on decentralized exchange Hyperliquid at 11:05 am UTC on Jan. 15, about an hour before Robinhood announced the token’s listing at 12:12 pm The wallet closed the position at 1:00 pm, shortly after the announcement.
Kaiko said the same address later opened a short position on a HOOD-linked perpetual contract on April 28, hours before Robinhood reported first-quarter revenue that missed analyst expectations. The trader closed the short later that day after…
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Source cointelegraph.com
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