Performing the following (note the range of 10,000):

`importmulti '[{"desc": "sh(wpkh([aeee1e6a/49h/1h/0h]tpubDC5bVdaveQYxGFztMShFAjU637kKjrs9FD8ne1oHR7z8tLeQJExsaxWRVeSpcCcYMdp5ecf2LQhuVaeYFZ7YEpvWTJr4nDGUJrmuvLuTSsp/1/*))", "keypool": true, "timestamp": "now", "watchonly": true, "internal": true, "range": {"end": 1000}}]' '{"rescan": false}'`

takes many minutes. @achow101 reports a similar import taking 6 minutes on his machine.
masterKey.SetSeed(key.begin(), key.size());
            
            CKeyID master_id = masterKey.key.GetPubKey().GetID();
            std::copy(master_id.begin(), master_id.begin() + 4, meta.key_origin.fingerprint);
            if (!ParseHDKeypath(meta.hdKeypath, meta.key_origin.path)) {
                throw std::runtime_error("Invalid stored hdKeypath");
            }
            meta.has_key_origin = true;
            if (meta.nVersion < CKeyMetadata::VERSION_WITH_KEY_ORIGIN) {
                meta.nVersion = CKeyMetadata::VERSION_WITH_KEY_ORIGIN;
            }
            
            CPubKey pubkey;
            if (GetPubKey(meta_pair.first, pubkey)) {
                batch->WriteKeyMetadata(meta, pubkey, true);
            }
        }
    }
    batch.reset(); 
    SetWalletFlag(WALLET_FLAG_KEY_ORIGIN_METADATA);
}
bool CWallet::LoadCryptedKey(const CPubKey &vchPubKey, const std::vector<unsigned char> &vchCryptedSecret)
{
    return CCryptoKeyStore::AddCryptedKey(vchPubKey, vchCryptedSecret);
}
/**
 * Update wallet first key creation time. This should be called whenever keys
 * are added to the wallet, with the oldest key creation time.
 */
void CWallet::UpdateTimeFirstKey(int64_t nCreateTime)