"Whale Investor Deposits 10 Million USDC in Hyperliquid… Starts Accumulating HYPE"
Minseung Kang
Summary
- A whale investor has reportedly deposited 10 million USDC into Hyperliquid.
- The whale is said to be accumulating HYPE tokens using a Time-Weighted Average Price (TWAP) order.
- The price of HYPE is reportedly trading at $34.74, down 4.9% from the previous day.
A whale investor has reportedly deposited USD Coin (USDC) worth $10 million into the decentralized derivatives platform Hyperliquid (HYPE) and has begun buying HYPE tokens.
On the 21st (local time), on-chain data platform Onchainlens announced through X (formerly Twitter), "The whale started accumulating HYPE tokens via a Time-Weighted Average Price (TWAP) order after depositing 10 million USDC to Hyperliquid."
As of 16:02 on that day, according to CoinMarketCap, the price of HYPE was trading at $34.74, down 4.9% from the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
