According to ChainCatcher, OnchainLens monitored that a whale deposited $5 million worth of USDC into HyperLiquid 7 hours ago to increase its HYPE holdings.
Currently, the whale holds 700,214 HYPE tokens, valued at $8.43 million, and is facing a floating loss of $1.3 million. The whale has also placed a sell order to sell 170,234 HYPE tokens at a price of $16.