Tesla's new car sparks on-chain trading frenzy, with trading volume surging 24-fold month-over-month and over $35.6 million in funds opening positions in a short period.

BlockBeats news, October 16 - After Tesla's new-generation Roadster unveiling event, which featured a live demonstration of brief airborne suspension and mid-air flips, from the start of the event at 08:55 until now, the TSLA contract on Hyperliquid has risen from approximately $365.27 to $373.04, an increase of about 2.13%.

Alongside the price rally, on-chain trading volume and open interest for TSLA have also notably expanded. Within hours of the news release, the TSLA contract trading volume reached $81.12 million, approximately 24.3 times that of the same period previously, with the 24-hour trading volume surging to $128 million.

During the same period, the notional value of open interest rose to $82.33 million after the event began, an increase of about $35.63 million, or approximately 76.3%, significantly higher than the roughly 2.13% price gain during the same period.

During the rally, at least three whales successively established new long positions, currently totaling approximately $3.98 million in holdings, with a weighted average entry price of about $367.33, and combined unrealized profits of about $60,900. Among them:

- 10 minutes after the news, a 20x long position was initiated, currently holding about $1,851,500, with an average price of $365.51 (0x696d), unrealized profit 38%;

- About 50 minutes after the news, a 10x leveraged TWAP buy was initiated, completing the position build in about 30 minutes, currently holding about $1,119,100, with an average price of $368.13, unrealized profit 12% (0xa609);

- More than 1 hour after the news, a 20x leveraged chase of the rally, currently holding about $1,009,400, with an average price of $369.77, unrealized profit 15% (0xb885).