Tesla's new vehicle sparks on-chain trading surge, with volume jumping 24x quarter-over-quarter as over $35.6 million in capital enters positions in a short timeframe.

On October 16, Tesla unveiled its next-generation Roadster at a live event, showcasing capabilities including brief airborne maneuvers and mid-air flips. At 08:55, shortly after the launch began, TSLA contract prices on Hyperliquid surged from approximately $365.27 to $373.04, marking a gain of roughly 2.13%. As the price climbed, on-chain trading volume and open interest for TSLA contracts spiked significantly. Within hours of the news breaking, TSLA contract turnover reached $81.12 million—about 24.3 times the volume recorded during the same period previously—and total 24-hour turnover climbed to $128 million. Meanwhile, the notional value of open positions rose to $82.33 million following the announcement, an increase of approximately $35.63 million (up ~76.3%), far outpacing the concurrent 2.13% price appreciation. During the rally, at least three whales opened new long positions, accumulating a combined holding worth roughly $3.98 million at a weighted average entry price of $367.33, resulting in unrealized profits totaling around $60,900. Specifically: - Ten minutes after the announcement, one whale initiated a long position with 20x leverage; currently holding ~$1.85 million at an average price of $365.51 (0x696d), this position is up 38%. - Approximately 50 minutes post-announcement, another whale executed a TWAP buy order with 10x leverage, completing the accumulation within 30 minutes; they now hold ~$1.12 million at an average price of $368.13, yielding 12% unrealized gains (0xa609). - Over an hour after the news broke, a third whale chased the rally with 20x leverage, currently holding ~$1.01 million at an average price of $369.77, representing a 15% profit (0xb885).