On-chain trading activity for TSLA surged 24 times month-over-month, with over $35.6 million in funds building positions since the new vehicle’s unveiling.

Following Tesla’s unveiling of its next-gen Roadster at an event—where the vehicle demonstrated capabilities including brief airborne flight and mid-air flips—TSLA contracts on Hyperliquid have risen from ~$365.27 to $373.04 since the event kicked off at 08:55, marking a 2.13% gain. Alongside the price rally, on-chain trading activity and open interest for TSLA have surged. In the hours since the announcement, TSLA contract trading volume hit $81.12 million, roughly 24.3 times the volume of the prior period; the past 24-hour volume jumped to $128 million. Over the same window, the nominal value of open interest rose to $82.33 million from pre-event levels, an increase of ~$35.63 million or 76.3%—far outpacing the 2.13% price gain in the period. During the rally, at least three large "whale" holders opened new long positions, totaling ~$3.98 million in holdings with a weighted average entry price of ~$367.33, generating a combined unrealized profit of ~$60,900. Details of the positions: - 10 minutes post-announcement: A whale opened a long position with 20x leverage, now holding ~$1.8515 million at an average price of $365.51 (wallet address: 0x696d), with an unrealized profit of 38%. - ~50 minutes post-announcement: Another whale executed a Time-Weighted Average Price (TWAP) buy with 10x leverage, completing the position over ~30 minutes. It now holds ~$1.1191 million at an average price of $368.13, with an unrealized profit of 12% (wallet address: 0xa609). - Over 1 hour post-announcement: A third whale added to its long position with 20x leverage, now holding ~$1.0094 million at an average price of $369.77, with an unrealized profit of 15% (wallet address: 0xb885).